will i lose my share of the house

4 posts Page 1 of 1
Post Reply
 
 

lhall_b

User avatar
Posts: 2
Joined: Thu May 31, 2007 5:15 pm
Location:
Post by lhall_b » Thu May 31, 2007 5:16 pm
Quote
if i am in a house and it is up for sale will i lose my share of the house while my wife keeps her share
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu May 31, 2007 5:27 pm
Quote
Hi there and welcome to the forum

In order for me to be able to answer your query, as one of the forum experts, could you post a little more information about your current circumstances. Do you have debts - if so how much do you owe? How much is the equity in your property?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

lhall_b

User avatar
Posts: 2
Joined: Thu May 31, 2007 5:15 pm
Location:
Post by lhall_b » Fri Jun 01, 2007 12:05 pm
Quote
hello again I have dets of one hundred and forty thousand and will be going in to an IVA, Me and my wife will be seperating and have a son who is only one, due to the det and not an understanding wife she would like to sell the house and move on, take her share and buy another house the house is valued at 269,950 I hope this helps
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Fri Jun 01, 2007 5:59 pm
Quote
How much is the outstanding mortgage and any other charges against the property - ie I am trying to ascertain the equity figure available to you. Do you intend to propose your IVA on the basis of a full and final settlement using equity released from the property sale?

If your wife has no debts of her own, she is entitled to do what she likes with her share of the equity.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
4 posts Page 1 of 1
Return to “IVA postbag for june”