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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by harry[/i] [br]Bankrupt's beneficial Interest in Partner's House: My daughter has been living with her boyfriend for 12 months (they are unmarried). He is about to go bankrupt (due to debts arising from loans for car purchases about which she and we knew nothing). The house is in her sole name, and there is no mortgage on it. It was bought outright as a cash purchase immediately before they moved into it. He made no contribution to the purchase (in fact, it was purchased entirely with funds provided to my daughter by myself and my wife). There have been no improvements, extensions etc, made to the property since they moved in (hence none to the funding of which he made any contribution). All bills are in my daughter's sole name. HOWEVER, he does give her £50 per week (which we think of as 'rent' since if he didn't live there he *would* be living in rented accommodation costing at least as much) towards general household expenses. Since there is no mortgage there is substantial equity in the property (approx. £150,000). (1) Couod the Official Receiver argue that our daughter's boyfriend has a beneficial interest in the property? (2) Could our daughter therefore be forced to sell the house? (3) Could it be counter-argued that WE have a beneficial interest in the property (since, in fact, we paid for it -- not anticipating this situation)? (4) Is it advisable for my duaghter's boyfriend to move into rented accommodation BEFORE he goes bankrupt? One thing I should add. My daughter's boyfriend does not have a bank account (he has had credit problems before) and so he has arranged that his wage is currently paid into my daughter's account. However, that is NOT his contribution to the household -- the money is taken out by him immediately it appears in her account and he then gives her just the £50 per week 'rent'. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.