Donate SIGN UP

bankrupty

Avatar Image
jasmin26 | 14:08 Sat 26th May 2007 | Personal Finance
2 Answers
my partner of 6 years has declared himself bankrupt due to credit card debt. the house we live in is in my name as i have had it 21 years. will i be held liable for any of his debt and could i lose my home?
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by jasmin26. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
As the house is in your name only no one can touch it , you might be liable if you have joint bills , but not sure.
It is possible your partner may have acquired a "beneficial interest" in your property. This could happen if - for example - he had contributed to the mortgage payments, or had done work on the house (such as refitting the bathroom) which increased its value. The Official Receiver will probably enquire into this.

There is a booklet on bankruptcy and the home on the Insolvency Service website - have a look at it for more details.

1 to 2 of 2rss feed

Do you know the answer?

bankrupty

Answer Question >>