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Posted: Mon Feb 22, 2010 1:14 pm
by Heather.cs
Applying for Bankruptcy.
My home is in husbands name. Would we lose the house?
Posted: Mon Feb 22, 2010 1:24 pm
by Sash
Hi Heather.cs
from what I have researched you do not necessarily have to lose your home - especially if it is in negative equity. I am sure one of the experts will be around soon to give you the right answers.
Posted: Mon Feb 22, 2010 1:39 pm
by kallis3
Hi Heather and welcome to the forum.
Are both of you applying for bankruptcy? Do you have any equity in your home?
Posted: Mon Feb 22, 2010 1:43 pm
by MelanieGiles
If there is equity, and you have been married for some time (or even living together prior to your marriage) you could have developed a beneficial interest in the property by way of the financial contribution you may have made into the property. Always best to take legal advice on this just to be sure.