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 Can my wife pay 50% of the equity ?
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Paul.ch
Starting Member



1 Posts

Posted - 08 January 2011 :  06:24:11  Show Profile  Visit Paul.ch's Homepage  Reply with Quote
Can my wife pay 50% of the equity and they leave the house alone if I am made bankrupt?

gettingoutofdebt
forum expert



2418 Posts

Posted - 08 January 2011 :  08:29:44  Show Profile  Reply with Quote
Yes, if there is equity in the property then 50% will be yours and 50% your wife's. Your 50% will be taken by the OR and this can 'bought' by your wife or someone else paying the OR your share of the equity.
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