Bankrupcy

[Norsmith]

My husband is forced to go into bankrupcy, what is the position with regard to our house.  The house in in my name only.  Could we lose the house?

[Oneeyedtic]

Depends. If the house has always been in your name or has been so for more than six years then it is safe. If in your name for two years or more then it is quite probably safe, but not absolutely. If put into your name within the last few weeks/months then the creditors may petition the Court claiming that it was a trick to put it beyond their reach and if the Court agrees it will have to be sold for the creditors benefit.

[mollymandy]

get some legal advice asap .