my husband left me six years ago and is living with someone else. We divorced 12-18 months ago. I have stayed in the house with the children(youngest now 10) and gained it as a part of divorce settlement. I have recently heard my ex is going bankrupt where do we stand with the house?
When was it transfered, how much was the equity that you gained and was there any challange to the consent order, IE was it ordered by the judge or just rubber stamped because you had come to an agreement
Its a complicated subject and it it hard to say without all the facts
We took out a joint mortgage of £30000 for the house in 1989. It's worth over £100000 now with 4 years left on mortgage.There was no challenge to the consent order. Many thanks for the help so far.
If the divorce and transfer was within 5 years of the bankruptcy, The OR may challange the the Order and ask for your ex's share back if it was transfered when your ex was insolvent, If he was solvent or it was more than 5 years ago then you are in the clear, If not its a bit more complicated
ex going bankrupt where do we stand with house?
Posted - 26 July 2010 : 20:43:28
