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T O P I C R E V I E W
confused lady
Posted - 10 January 2008 : 10:43:23 Hi My partner was bought out of his ex matrimonal house in February 07, but was only given 25% of the equity. Will the insolvency people go back after his ex wife for the remainder 25% share in the house.
My partner went bankrupty in Oct 07.
She now owns this house with her new partner.
If they do go after her for the share (approx 25K) and she does not have it how long do they give her to raise the cash, or do they put a charge over the property.
2 L A T E S T R E P L I E S (Newest First)
confused lady
Posted - 10 January 2008 : 13:35:01 Ok thanks for your help.
quote:Originally posted by Johnny Debt
Normally the OR will look into any property where they believe it has been sold for less than its true value.
So it is possible in this case that they may look for the shortfall. They also have a three year period within which they have to act.
Johnny Debt
Posted - 10 January 2008 : 12:40:43 Normally the OR will look into any property where they believe it has been sold for less than its true value.
So it is possible in this case that they may look for the shortfall. They also have a three year period within which they have to act.
