question category: Bankruptcy

will i lose my home if my ex husband is bankrupt and his name is still on mortgage.


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Re: will i lose my home if my ex husband is bankrupt and ...

If your ex-husband jointly owns your home and is made bankrupt, the Official Receiver will want to recover his share of the property. You will have a chance to argue what share of the property your husband owns. Your ex-husband needs to get professional help ASAP to see if bankruptcy is avoidable. Ask him to use the debt calculator on the site to get a debt solution recommendation.

 

Re: will i lose my home if my ex husband is bankrupt and ...

It isn't a yes or no answer I'm afraid.

If there is little equity in the property and/or you are able to buy your ex husband out of the house the OR is obliged to offer you the chance to do this.

Why was the matter not sorted out in the divorce? What was the plan for the house in the future?

Even if it is not possible for you to buy your ex out, the OR may decide to put a charge on the property rather than sell it.

If you can let me know the details of the house - how much equity there is and how long you have been divorced i can probably get an opinion for you, click on my name and email me at Debt Advice Foundation

 

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