What Is The Legal Position If Dennis Is Declared Bankrupt? And What Is The Legal Position If Dennis Dies Without Leaving A Will?

gogasz | 13:28 Sun 20th Jan 2013 | Law

6 Answers

Dennis, aged 50 and Elaine, aged 40 have been married for fifteen years. They have one child, Fred, who is 10. Elaine has not worked since she gave birth to Fred. Dennis is a self-employed plumber. The house that they live in is worth £300,000 and is registered in Dennis’s name alone. There is no mortgage on the property. Dennis and Elaine have £20,000 in a joint bank account. The only other significant asset that they have is a painting, worth £5000. Elaine says that Dennis gave her the painting for her 40th birthday.

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woofgang

could you go do your own homework please?

tamborine

He cant be bankrupt if he owns property

Barmaid

Yes he can Tambourine.

VHG

Looks like some sort of homework.

Maybe they are studying to work in social services.

They are not going to be much good if they have to rush and ask what to do on the internet every time they hit a problem.

gogasz

Question Author

what about this pain, if this was present just for her is it as a joint asset?

ojread2

do you own homework or at the very least, have the decency to admit that you're stuck on your homework

Please and thank you wouldn't go amiss either

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