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T O P I C R E V I E W
blades1889
Posted - 09 January 2008 : 23:28:17 I"m BANKRUPT FROM JULY 2007, ex"s solicitor wants house signed to her will OR allow this. thanx
1 L A T E S T R E P L I E S (Newest First)
Johnny Debt
Posted - 10 January 2008 : 12:35:40 My understanding is this:
The official receiver will have pass the property to the Regional Trustee Liquidation Unit or a Trustee. The trustee will then apply to the Land Registry and place a restriction on the property. This ensures that the Trustee receives 50% of the beneficial interest if the property is sold.
So I think in your case the only way the ex will be able to get your portion of the house, would be to purchase the beneficial interest from the Trustee.
