| T O P I C R E V I E W |
| Leah |
Posted - 15 February 2011 : 10:28:12
Hello, My ex is going to declare bankruptcy and I am worried that my home is going to be at risk.
We split 5 years ago and I remained in our home with the kids, he moved out. He carried on paying the mortgage to help out but he told me he couldn't afford it last year, so I sold the house last year and kept all of the equity (£50k) as he said that was only fair as I had the kids. I then bought my own place for me and the kids, using that money, mortgage and family help.
Can the court take my home? We didn't do anything through a solicitor and we're not divorced? Thanks |
| 7 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 16 February 2011 : 18:58:41
no, as transactions can be overturned for 5 years |
| Leah |
Posted - 16 February 2011 : 08:20:30
He was insolvent. Would it make a difference if we divorced before the bankruptcy? |
| RHB |
Posted - 15 February 2011 : 20:43:26
If he was insolvent at the time he gifted the equity then it is very likely that this could happen so we would be talking about 25,000 pounds. |
| Leah |
Posted - 15 February 2011 : 19:51:46
as i thought, thank you debt info |
| debtinfo |
Posted - 15 February 2011 : 18:53:06
It is likely that the trustee will ask for at least part of the money back |
| Leah |
Posted - 15 February 2011 : 18:19:15
Thanks for the reply.
I will contact someone but in the meantime, any other experts able to answer in a bit more detail please? |
| Richard P |
Posted - 15 February 2011 : 17:29:48
Hi Leah
for every yes their is a No attached and perhaps
Not very helpful I know, I would suggest speaking to one of the experts direct with the whole story they will help
Richard |
