Half a house

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mick1971

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Post by mick1971 » Tue May 07, 2013 3:07 pm
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Hello. My mother sadly died recently, I have been left a bungalow, with my brother, half each. My IVA has nothing to do with him. If he refuses to sell, what powers do my creditors have? If I tell them I want to sell, and pay them, but my brother is refusing what can they do ?
thanks in advance.
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Foggy

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Post by Foggy » Tue May 07, 2013 4:04 pm
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Hi, Mick, very sorry to hear the sad news. I really have no idea and would be interested to hear what the experts say. But, thinking out loud, if push comes to shove the creditors could eventually push for bankruptcy on the grounds your weren't complying with the IVA ( even through no fault of your own) and in BR the OR has the power to take possession and sell from under you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Tina Shortland

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Post by Tina Shortland » Tue May 07, 2013 4:52 pm
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Hi mick1971 - welcome to the forum and I am also sorry to read of your mother's recent passing.

Does your brother have any funds to buy you out of your share of the bungalow?
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
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mick1971

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Post by mick1971 » Tue May 07, 2013 7:32 pm
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Thanks for the replies. Sadly brother has no money. Now we will have to pay council tax on it whilst sitting empty too. Guess we'll have to sell.
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Foggy

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Post by Foggy » Tue May 07, 2013 7:56 pm
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Our council gives an exemption for 6 months if empty following a death -- worth asking ... not all do.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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