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 hi-im seperated and my ex has declared bankruptcy

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T O P I C    R E V I E W
jackieee Posted - 27 January 2010 : 11:39:16
hi-im seperated and my ex has declared bankruptcy - if the trustees put a charge on the house allowing me to stay here with the children until they leave school - does my half of the equity stay as its value of todays prices or if theres a rise in prices do i keep 50% of the equity at the time of the sale??? thanks for your time..
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Blackie Posted - 27 January 2010 : 12:00:58
Your 50% equity in the house will rise as the house increases in value. Your share in the house - which is usually 50% - will not be affected as you are ot becoming bankrupt.

All the best

John Blackadder

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