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Julia.dn
Starting Member
8 Posts |
 Posted - 30 July 2012 : 08:50:23
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| banktrupcy and restriction by land registry.4 years ago when my partner and I separated we had the property transfered into my name. I have since paid the mortgage in full with my pension. i am now the sole proprietor on the deeds, he agreed the transfer without any payment due to his lack of contribution to the mortgage etc. but there is still a restriction --"No dispostion by a sole proprietor of the land (not being a trust corporation)under which capital money arises is to be registered unless authorised by an order of court" Does this have any implications for me should my ex-partner become banktrupt, as I believe this is about to happen.Just found out this refers to a "Declaration of trust" EX-Partner provided the deposit for the house-£19,000.it states that upon sale of property he gets this money back.Can the OR claim it? if so now or if I sell the house at a later date? I have already bought his ben. interest from a previous banktrupcy! |
Edited by - Julia.dn on 30 July 2012 10:26:56 |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 July 2012 : 09:13:00
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Hi Julia,
I've no idea on this one - hopefully one of the experts will be along with some advice later.
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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year 2029
Average Member
590 Posts |
Posted - 30 July 2012 : 10:38:15
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Hi Angela,
When you bought the beneficial interest, was that to a seperate property to the one you are talking about now?
It would definitely be in your interest to seek some professional advice about getting that clause removed.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 July 2012 : 10:41:17
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It's Julia!!!
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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year 2029
Average Member
590 Posts |
Posted - 30 July 2012 : 12:13:24
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Oops, had 2 windows open.
My apologies Julia.
No need to shout Niobe.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 July 2012 : 12:28:28
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I wasn't shouting - just pointing out it was the wrong name.
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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year 2029
Average Member
590 Posts |
Posted - 30 July 2012 : 12:33:21
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3 exclamations?
Anyway, I'm not going to get into a bun fight!!!
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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banktrupcy and restriction by land registry.
