question category: Bankruptcy
Is bankruptcy the best option?
My husbands co-owns a house with his ex wife, who is re married resides in the house with their 2 children and 1 child with her new husband. They had an arrangement that she didn't want maintenance if he gave her all the money out oft egoist, shehas had 5 yrs to get his name of the mortgage but hS done nothing, one of his creditors has put a charge order of the house and within week she has gone to the CSA! He hS given her plenty of time to get his name off the mortgage. He has never said he wldnt pay for his daughter. He is now considering bankruptcy to clear all his debts, wld that mean the house would have to be sold? How
Would it effect our family now? My husband is self employed how does bankruptcy effect him working? Many thanks x charise
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