My husband is to be made bankrupt, we jointly own a timeshare but I paid for it so can they say it is an asset of his. Will I have to buy him out when I paid for it?!
If it is in joint names then the OR will probably look at your husband as owning 50% of any equity in the property but it will depend upon how much equity is in the property. If it is only a small amount then the OR may decide it is not worth their while pursuing the amount.
I would suggest having a quick chat with one, or both, of the companies below:
I only paid £1,200 for the timeshare and we only have it for 2 weeks of a year in Ibiza, the samd fortnight every year, last week of June, first week of July.
We jointly own a timeshare which I paid for
Posted - 31 August 2010 : 16:48:25
