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Leah
Starting Member
7 Posts |
 Posted - 15 February 2011 : 10:28:12
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Hello, My ex is going to declare bankruptcy and I am worried that my home is going to be at risk.
We split 5 years ago and I remained in our home with the kids, he moved out. He carried on paying the mortgage to help out but he told me he couldn't afford it last year, so I sold the house last year and kept all of the equity (£50k) as he said that was only fair as I had the kids. I then bought my own place for me and the kids, using that money, mortgage and family help.
Can the court take my home? We didn't do anything through a solicitor and we're not divorced? Thanks |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 15 February 2011 : 17:29:48
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Hi Leah
for every yes their is a No attached and perhaps
Not very helpful I know, I would suggest speaking to one of the experts direct with the whole story they will help
Richard |
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Leah
Starting Member
7 Posts |
Posted - 15 February 2011 : 18:19:15
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Thanks for the reply.
I will contact someone but in the meantime, any other experts able to answer in a bit more detail please? |
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debtinfo
forum expert
2826 Posts |
Posted - 15 February 2011 : 18:53:06
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| It is likely that the trustee will ask for at least part of the money back |
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Leah
Starting Member
7 Posts |
Posted - 15 February 2011 : 19:51:46
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| as i thought, thank you debt info |
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RHB
Senior Member
1159 Posts |
Posted - 15 February 2011 : 20:43:26
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| If he was insolvent at the time he gifted the equity then it is very likely that this could happen so we would be talking about 25,000 pounds. |
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Leah
Starting Member
7 Posts |
Posted - 16 February 2011 : 08:20:30
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| He was insolvent. Would it make a difference if we divorced before the bankruptcy? |
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RHB
Senior Member
1159 Posts |
Posted - 16 February 2011 : 18:58:41
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| no, as transactions can be overturned for 5 years |
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Topic |
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given my share of house away
