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Married but not on mortgage! Beneficial interest? |
Submitted on: 30th Jan 2012 by Non-Member | Total Answers: 6
I am considering bankruptcy due to having been left solely liable from joint debts with an ex partner who has herself claimed bankruptcy already thus freeing herself from any obligations without my knowledge. 4 years have passed i have a new life & recently got married but my question is that although not on the mortgage agreement i do pay my share towards the property via a standing order to my wife, will the official receivers take any equity that is solely my wife's away from us/are we in danger of losing property.
Re: Married but not on mortgage! Beneficial interest?
If you were to go bankrupt at this time the Official Receiver may consider you to have a beneficial interest in your partner’s property. However as you have only recently started making contributions to the mortgage (which you are not on) it is likely that this beneficial interest would be very small, if anything at all. Please seek further money advice.
This question has been answered by CAP UK, a leading debt charity offering hope and a solution to anyone in debt.
Re: Married but not on mortgage! Beneficial interest?
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Re: Married but not on mortgage! Beneficial interest?
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