asked 7 years ago

Husband moved out over 2 years ago and Been paying mortgage on My own ever since.there is negative equity in the house so he Now wants to go bankcrupt.will the debt for the house be passed to me?

1 Answers
answered 7 years ago

If your husband goes bankrupt then the official receiver will look at all assets that he owns or has a share in to see if there is any possibility of getting some money to pay into the bankruptcy. If you are continuing to pay the mortgage and there isn’t any equity in the house then there may not be any impact to you from his bankruptcy. However property rights and ownership after separation, or divorce, are really areas that you would need to speak to a solicitor about rather than a debt adviser.