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 affect on ex partner if I go bankrupt?		  New Topic  Reply to Topic
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t_t
Starting Member



0 Posts
Posted - 29 September 2008 :  20:39:23  Show Profile  Visit t_t's Homepage  Reply with Quote
my ex partner who moved out 6 months ago and is now renting is still named on the morgage . thehouse has no equity in it if i go bankrupt how does this affect her

Suzanne
Average Member



United Kingdom
869 Posts
Posted - 30 September 2008 :  09:24:17  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi

She will be contacted by the OR as joint owner to see if she wants to buy the beneficial interest if it is your intention to keep the house.

If you decide to let the house go and there is a shortfall after sale, she would be fully liable for it as the solvent joint owner.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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