I have another long OP open at the mo about this and have been getting good advice from a Scottish based person who tells me what applies up there.
Basically, separated couple (4+ years), still married, no legal or financial separation undertaken (they do have separate bank accounts). He stopped paying the mortgage and any bills recently; she's now doing it and struggling. Their 15 yr old DC is resident with her in the family home. DH has just told DW that he thinks he's about to be declared bankrupt. He's penniless.
House is as 'joint tenants', 100K owing in mortgage, some equity.
Q: when the creditors come calling, assuming DW can't afford to buy out DH, does she have to sell the house forthwith to free up DH's share of the equity for his creditors or is she 'safe' til DC is 18?
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'Joint tenants' in house. One made bankrupt. Does the other have to sell? England!
17 replies
LittenTree · 05/10/2012 15:45
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