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T O P I C R E V I E W
jackie.y2009
Posted - 04 October 2009 : 20:34:42 my home is in joint names with my ex partner he doesnt contribute anything to the householdi pay all the bills and mortgage, i know hes in huge debt and am worried if he makes himself bankrupt,where do i stand, i have two children at home.
2 L A T E S T R E P L I E S (Newest First)
Blackie
Posted - 05 October 2009 : 10:21:15 If your Ex was to make himself bankrupt, his beneficial interest in the house would belong to the OR. This would relate to 50% of any equity in the property and you could buy his beneficial interest. However, if there is no equity or the house is in a negative equity situation then you would only have to pay £1 to buy his beneficial interest plus legal costs. The Insolvency Service produces a publication about this which can be downloaded from their website.
All he best
John Blackadder
debtinfo
Posted - 04 October 2009 : 21:20:54 Is theri any equity in the property
