Hi.. My ex went bankrupt on monday. We own a house in joint names(have lots of kids too) and his share of the equity is probably around £25,000.00(thats if its split 50/50).. ive heard here and there that i'll be offered to buy his share which is totally out the question but ive also heard that i could buy his share of equity for less than its worth..how does this work and is it even right??? Ive been paying the mortgage and bills solely for a year now-does that have any affect on how its split??? Sorry if this has been covered before but any advice or experiences would be great! :)
Were you married? If you divorce & have a financial agreement stamped then often the person caring for the children would have more of the equity.
Worryingly, the house will be sold after a year if you cannot buy your ex's share of the equity so it would be best to get some proper legal advice asap.
Hi.. My ex went bankrupt on monday.
Posted - 08 October 2009 : 10:26:55
