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Sujjjata
Starting Member



2 Posts

Posted - 15 March 2012 :  22:04:37  Show Profile  Visit Sujjjata's Homepage  Reply with Quote
I have a joint property with my husband, he has a further 2 properties one of which was repossessed. The bank are now claiming a charging order of £31,000 on the property that is jointly owned. How can I protect myself as the debt is in my husbands name and I live in this property.

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 16 March 2012 :  07:50:04  Show Profile  Reply with Quote
Unfortunately the creditor can place the charge on his jointly owned property.

Can he come to an arrangement to pay them?

Does he have other debt? Is he struggling with his debts?

I suggest he speaks to an expert for advice as if he starts an IVA or declares bankruptcy before they go for a final charge, it will be overridden.




Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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sujjata
Starting Member

1 Posts

Posted - 16 March 2012 :  17:51:00  Show Profile  Reply with Quote
Thanks for replying he is allready with a company who are dealing with all the creditors they have allready paid one payment to principality building society before the application of charging order was made.He has a job and can afford monthly instalments the company are applying for the installment order to be considered at the time of hearing I am worried that I will have no choice for competetive motgage rate when I come out of the fixed term in March 2013 if there is charging order on the property.
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