hi,please help. i own my own property which is most definitely in negative equity,and has just had a charging order attached to it. i also have unsecured debts of 90k. i have two young children,a partner who doesnt work at present and have just lost my employment.[great eh???] two questions please 1=if i go bankrupt can i keep my property? 2= six months ago i/we removed myself from a property i owned with a relative as i knew my credit file was about to be wrecked and i/we didnt want them to be affected by affiliation to me. if i were to go bankrupt what would happen with this property as im still co owner via a declaration of trust agreement but not legally as not on the title deeds??? thanks
Were you on the deeds 6 months ago? I think it will be seen as you having an interest in that house & if there is equity in the house your share will have to be realised. If you do not declare any of this you run a risk of running into trouble because as you have written it it looks a clear case of attempting to hide assets from your creditors.
hi rhb, yes i was on the deeds 6 months ago and im aware of what it looks like and even though the true reason for removing myself from the mortgage and deeds was to protect my relatives credit rating will the equity in this property be requested even though im not on the deeds and havnt been for six months?
hi,please help.i own my own property
Posted - 17 June 2009 : 21:27:39
