WE JOINTLY OWN A DUPLEX WITH MY HUSBANDS BROTHER. THERE IS NO MORTGAGE. HE MAY FILE BANKRUPTCY. CAN THEY TAKE OUR PROPERTY FROM US? WE DON'T WANT TO SELL THE PROPERTY. IT IS SUPPOSED TO BE OUR RETIREMENT UNIT.
If your husband's brother files for bankruptcy, his interest in the property will need to be realised for the benefit of his creditors. If the property is owned unencumbered, it is likely the Trustee will force the sale.
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
WE JOINTLY OWN A DUPLEX WITH MY HUSBANDS BROTHER.
Posted - 23 December 2008 : 00:25:23
