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drew54321
Starting Member
United Kingdom
9 Posts |
 Posted - 31 August 2011 : 12:30:38
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| i am filing for bk and want to know if it will affect a house i signed over to my ex wife as a divorce settlement |
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RHB
Senior Member
1159 Posts |
Posted - 31 August 2011 : 13:14:33
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| Was it done via a consent order signed off by a judge, how long a go did you sign it over & were you insolvent at the time? Also, did you receive money for signing it over. |
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drew54321
Starting Member
United Kingdom
9 Posts |
Posted - 31 August 2011 : 16:02:28
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quote:
Originally posted by RHB
Was it done via a consent order signed off by a judge, how long a go did you sign it over & were you insolvent at the time? Also, did you receive money for signing it over.
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drew54321
Starting Member
United Kingdom
9 Posts |
Posted - 31 August 2011 : 16:06:20
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| her solicitor did it for her i just signed about a year and a half ago i was solvent at the time and received no money for it the tax bill that the tax man is after me for was due 2010 for the period 08 09 |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 31 August 2011 : 16:59:56
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Hi,
unless the property being signed over was an order of the court, a trustee could seek to get it overturned as a transaction at an undervalue, even though you were solvent at the time.
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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RHB
Senior Member
1159 Posts |
Posted - 31 August 2011 : 18:10:35
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| Have you got a consent order that has been stamped by the court? That will have slightly more weight as will the fact that you were solvent. A lot will depend on the amount of equity & whether it is worth the trustees worthwhile to pursue it through the court. |
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drew54321
Starting Member
United Kingdom
9 Posts |
Posted - 01 September 2011 : 09:17:23
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quote:
Originally posted by RHB
Have you got a consent order that has been stamped by the court? That will have slightly more weight as will the fact that you were solvent. A lot will depend on the amount of equity & whether it is worth the trustees worthwhile to pursue it through the court.
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drew54321
Starting Member
United Kingdom
9 Posts |
Posted - 01 September 2011 : 09:19:35
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| do i even have to go bk i have offered to pay 400 a month to the the office some one has said that they have to accept that is this true or can they still push for bk |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 September 2011 : 11:25:15
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Who are your creditors?
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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RHB
Senior Member
1159 Posts |
Posted - 01 September 2011 : 17:29:45
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| Bankruptcy should be your last resort so if you can offer what money you can affordto your creditors & they accept it then fine. |
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drew54321
Starting Member
United Kingdom
9 Posts |
Posted - 01 September 2011 : 17:48:41
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| thats just it the tax office wont accept it (i thought they would have to)by law |
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debtinfo
forum expert
2826 Posts |
Posted - 01 September 2011 : 19:43:49
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| no they dont have to accept it, the whole amount is due now, they may negotiate but that is their choice |
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Topic |
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Will my bankruptcy affect a house I signed over as divorce settlement ?
