The property is owned jointly with my wife. It was purchased in 1993 by paying part cash deposit (from my earnings) and part mortgage (in our joint names and joint account too). Eventually, I've paid out mortgage from my earnings as well, because my wife (now a retired person) hasn't worked for all these years. Can the Court claim my wife's share if I declare Bakruptcy and my own share is not enough to repay creditors?
They can only clim your share, The question is how big your share is compared to hers. Generally if it is jointly owned then the OR will assme a 50:50 split unless there is a really good reason to think otherwise
Can court claim my wife's share of property ?
Posted - 27 June 2011 : 17:42:45
