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kitty
Junior Member

United Kingdom
170 Posts

Posted - 23 November 2007 :  20:43:07  Show Profile  Reply with Quote
I need some advice, Someone I know has gone off to buy a house in spain getting another mortgage, re signed the house that they are selling in this country back to his wife (who use to originally own it) and making a nice profit on it and has left a large amount of debt. A man went to see them and has said that because the house is in his wifes name and he didnt contribute much to it he doesnt have to pay any of the debt back.

I cannt understand how this can be, have read a bit about bankruptcy and IVA's.

Please someone explain.

Johnny Debt
Junior Member

United Kingdom
265 Posts

Posted - 26 November 2007 :  06:53:27  Show Profile  Reply with Quote
I am slightly confused by what you said can you give a cleared picture?

Also who's name is the debt in?
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