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.
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.
my home is in joint names with my ex partner
Posted - 04 October 2009 : 20:34:42
