Hi. ive used this forum all though my bankruptcy and youve all been great with sound advice. i find myself back here a few years on. my problem!!!!
my mother and father-in-law bought our benifitial interest in our property. the bankruptcy was brought to an end and have been out for a few years now. problem is my wife now decides to seperate and im unsure of wot happens to the benificial interest. will i see anything of it or can the outlaws keep it away from me? ive told her to keep the house, but she is insistant on my pension. so if we sell the house! will i see any of the profits?
You need to be absolutely sure if they bought it back for their name or if they simply advanced the money to put. It back in your name, either is possible
im unsure now whose name it went into! if i called the official receiver. do you think i could find out or will it open a can of worms? either way does it look bad on me not getting a penny back?
Yes it is extremely important to find out the deal which your In Laws struck with the OR. On one hand, they could (and I have to say is the most likely option) be the registered owners of your property. Alternatively the house could still be in your name but with your In Laws having an interest. I suggest that you should look on the Land Registry site and, for a fee, you can find the legal owners of your property.
Hope this helps.
John Blackadder Bankruptcy365
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk.
thankyour for that info! i beleive the property was left in our names but they just bought the benificial interest for £1! Either way ive been informed that not owning the benificial interest still means i will lose out at her parents will not part with any and give it all to her!
I'm sorry to hear that things have not turned out well for you poopedmess.
I would recommend taking legal advice - I think some solicitors may still give half hour free of charge, especially as your wife is trying to get your pension. My OH is divorced and he protected his pension (he also signed over the house) and made sure she had no claim on anything in future.
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.
DIVORCE and BENIFITIAL INTEREST. can someone help
Posted - 07 September 2011 : 10:36:57
