Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
md1810
Posted - 22 October 2008 : 20:21:28 going bankrupt - can i save my house by my partner paying my half of the equity to the offical receiver held in the house? if this happens will i still own my share of the property or what will happen?
1 L A T E S T R E P L I E S (Newest First)
Needafriend
Posted - 22 October 2008 : 20:26:34 Hi md1810
Welcome to our forum.
Yes you can save your house. You have said its just you going BR then the OR will ask if you know anyone who can buy the BI (equity) in the house and you say yes.
It may be required that you get a proper valuation done, not now but once asked, allied are very good and they are worth their fee which is about £400 but it saves the hassle of finding others and when it comes to a property you need to get it right.
Hope that helps.
Take Care
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
