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 I am going insolvent. We have a joint loan. Can the house my wife owns be repossessed ?
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Starting Member

1 Posts

Posted - 10 December 2014 :  22:01:03  Show Profile  Reply with Quote
I am going insolvent and my wife owns her home but we have a joint secure loan on it , can they repo her house thanks


United Kingdom
4590 Posts

Posted - 10 December 2014 :  22:23:11  Show Profile  Reply with Quote
Hi and welcome,

Sorry, I've had to change your avatar as you can't use a forum expert one!

Can your wife still manage payments on her home? If you go BR then she will still be liable for payments on that loan.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant

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forum expert

United Kingdom
2211 Posts

Posted - 11 December 2014 :  05:23:48  Show Profile  Reply with Quote
Hi Stuart,

Have you taken advice? Especially regarding if you have a beneficial interest in this property? Are you both living there? Have you contributed to this property financially?

I suggest you speak to an expert to go over your options

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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