Speak to one of our specialist advisors 0808 156 7730

Q&As and Ask an Expert

Bankruptcy

2 weeks ago - Posted by Joanne Goulden

Our house is solely in my husbands name and I am considering bankruptcy. Would the house be sold?

1 Answer

TAD Member

2 weeks ago

Hi Joanne.
It shouldn’t as when you go bankrupt, only your assets are included in the bankruptcy, so if the house is solely in your husband’s name, it should not be included in your bankruptcy.
However, the Trustee will investigate your affairs in the run up to your bankruptcy (normally they look at the previous five years before you petition) and if the house was ever in your name and transferred to your husband’s, he can challenge that transfer. If this is the case you should take legal or specialist money advice, as this is a complex area.
The only other thing to bear in mind, is bankruptcy is not just about the assets you currently have, but any assets you may acquire during your bankruptcy. This can include inheritances.

Answer the question

If you have a question on a particular debt topic, you may find the answer in the questions below or in our full Q&A section.

Request debt help & advice

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean rutrum lacus at magna lacinia efficitur. Sed sodales, diam ac aliquam tristique, urna ligula eleifend lorem.

Our team of specially trained consultants can advise you on the best debt solution based on your current situation. For confidential advice Just fill in the form below and one of our team will call you back




Live Chat

Got a question? Our advisers will point you in the right direction.

  • Monday to Friday, 8am to 8pm
  • Saturday, 9am to 1pm
  • Sunday and Bank Holidays, closed
Launch chat

Call us

Got a question? Our advisers will point you in the right direction.

0808 156 7730
  • Monday to Friday, 8am to 8pm
  • Saturday, 9am to 1pm
  • Sunday and Bank Holidays, closed