My husband is loath to declare the house

[p_p]

After advice, I am filing for bankruptcy. I don't have any assets except a small house in Spain, which is in joint names with my husband. It has a fairly large spainish mortgage (70%) and small amount (£20K) equity. My husband is loath to declare the house as there is no paper trail except a few bank transfers between my English and Spainish accounts. I think it could get picked up as I'm sure my bank statements will be reviewed thoroughly. What will happen if a) I put it down and b) If I don't and the transfers are queried? My husband is about to do an IVA.
Many thanks

[Reviva UK]

Hi there

you are on seriously shakey ground if you do not declare all your assets.

during the Br process you will need to swear that the information is wholly accurate and that declaring a falsehood would actually land you in court because you would be committing purjury.

The OR will pick it up and if you haven't declared will definately make your life hell.

I would strongly suggest you get professional advice about your br and your husbands IVA ( this too also requires full disclosure because if they find out afterwards they could fail the IVA and potentially make you Br)

Please make a phone call and get some face to face advice.

[Adam Davies]

Hi
He must be honest and upfront with his creditors and declare this asset.
Regards

[chris.g]

From the £20k equity, only £10k will be seen as your asset, your hubby could 'buy' this back from the OR if possible. There will be trouble with the OR with this undeclared asset when they discover this.

[butterflies]

Perhaps your husband should view these sites, and then decide,


http://www.insolvency.gov.uk/databases/ ... search.htm

http://www.insolvency.gov.uk/freedomofi ... BROBRU.HTM