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simon.ee
Starting Member
1 Posts |
 Posted - 17 January 2010 : 16:18:50
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| i am considering bancruptcy,, myself and my ex partner have 2 propertys,, both our names are on the deeds. one had no equity the other has approx £15000 equity. the money used to purchased theese propertys came from my ex partner, she lives in one of the propertys with her children, could she loose the house. |
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debtinfo
forum expert
2826 Posts |
Posted - 17 January 2010 : 16:31:44
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| Who lives in the other one and which one has the equity |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 17 January 2010 : 18:46:09
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Hi
Welcome - see threads and follow advice regarding getting valuations and take it from there.
There will be a lot of assistance for you on this forum from the experts and also valuable advice from others that are sharing their experience.
Regards, Richard
"Life is generally something that happens elsewhere" (Alan Bennett - author and hero of mine!!) |
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Steve Thatcher
New Member
United Kingdom
70 Posts |
Posted - 18 January 2010 : 10:44:50
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Hi Simon, what you have described is certainly not straightforward, and as debtinfo has intimated a few more facts are required.
However as a general first point I think matters would be in your ex wife's favour with regard to retaining all the equity in the one property for herself.
If you show that the equity in the property was as a result of your ex partner providing funds for the purchase, then it should be possible to argue that the sum contributed can at least be off-set.
Can you say how mcuh she put down.
How long were you together and what sort of contribution did you make (if any) to mortgage paymenst.
Steve Thatcher
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i am considering bancruptcy
