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T O P I C R E V I E W
jackieee
Posted - 08 October 2009 : 10:26:55 Hi.. My ex went bankrupt on monday. We own a house in joint names(have lots of kids too) and his share of the equity is probably around £25,000.00(thats if its split 50/50).. ive heard here and there that i'll be offered to buy his share which is totally out the question but ive also heard that i could buy his share of equity for less than its worth..how does this work and is it even right??? Ive been paying the mortgage and bills solely for a year now-does that have any affect on how its split??? Sorry if this has been covered before but any advice or experiences would be great! :)
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RHB
Posted - 08 October 2009 : 13:50:59 Were you married? If you divorce & have a financial agreement stamped then often the person caring for the children would have more of the equity.
Worryingly, the house will be sold after a year if you cannot buy your ex's share of the equity so it would be best to get some proper legal advice asap.
