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| T O P I C R E V I E W |
| davina |
Posted - 05 August 2008 : 08:58:45
my girlfriend and i have lived together for 20 yrs but she has been in a court case and now it has been dropped so she is laft with massive costs,my question is the house is in my name can they touch this if she goes bankrupt.
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| 2 L A T E S T R E P L I E S (Newest First) |
| John |
Posted - 05 August 2008 : 10:26:39
Hi
further to Suzanne's post
this means if you have both lived there for 20 years and both contributed equally to the monthly household costs, including the amount of mortage, bills, housekeeping etc, then she most certainly can be proven to have an interest in the property.
Dependent on how long, and if, you lived in the property before your girlfriend's arrival, and who, if anyone, paid the deposit, it is possible for a trustee to argue that she has up to 50% interest in the property, or more if she contributed more on a monthly basis and paid the deposit..
This, even if proven, would be of no use to the OR if there is no equity in the property.
However, if there is significant equity this would very much be an issue if she were to choose the bankruptcy route.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
| Suzanne |
Posted - 05 August 2008 : 10:13:29
Hi
The OR can only touch the house if they can show that she has made a material contribution to the cost and upkeep of the house.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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