will property on my wife name be seized

3 posts Page 1 of 1
Post Reply
 
 

tha

User avatar
Posts: 1
Joined: Thu Jan 24, 2008 3:17 pm
Location:
Post by tha » Thu Jan 24, 2008 3:19 pm
Quote
if i go bankrupt will property on my wife name be seized if we live together?
and how does it work if we are separate?
Top
 
 

Jo Rolland

User avatar
Posts: 162
Joined: Tue Oct 09, 2007 11:33 am
Location: United Kingdom
Post by Jo Rolland » Thu Jan 24, 2008 4:04 pm
Quote
Is the property your wifes property or yours? Are both your names on the deeds?

Jo Rolland
Debt Alternatives
www.debtalternatives.co.uk
Jo Rolland
Debt Alternatives
For free, ethical, impartial advice, please visit
www.debtalternatives.co.uk
Top
 
 

carlmcmullen

User avatar
Posts: 487
Joined: Thu Jan 24, 2008 5:55 pm
Location:
Post by carlmcmullen » Thu Jan 24, 2008 8:18 pm
Quote
Would need more info before could advise...

How long have you been together?
Is there equity in the property?
Who's name are on the deeds?
Who is the main wage earner?

Just because the property is in your wifes name, doesnt automatically mean it would be excluded from you bankruptcy.

Even if you split an official receiver in bankruptcy could investigate the last 5 years and reverse any transactions.

Carl
Top
Post Reply
3 posts Page 1 of 1
Return to “postings for january”