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T O P I C R E V I E W
Adrian.2
Posted - 04 January 2011 : 15:08:12 I live in a home owned by my son-in-law. I don't pay rent. The house isn't mortgaged. I don't have any stake or interest in the property. can this be touched?
3 L A T E S T R E P L I E S (Newest First)
Daniel Griffiths
Posted - 06 January 2011 : 11:43:19 Hi Adrian If I were your trustee in bankruptcy, ie you are living rent free the first question I would ask is did you ever own this property? if the answer is yes there could be significant problems, if no then you may be OK.
gettingoutofdebt
Posted - 04 January 2011 : 15:19:14 If there is proof that the house was bought by your son and you haven't contributed to the mortgage then you would be seen as a tenant rather than the owner and the property would be exempt from your BR.
Viki.W
Posted - 04 January 2011 : 15:18:54 Hi Adrian, welcome to the forum.
If you've not contributed to this house financially at any time, then no.
