Bankruptcy

Posted on 6 March 2011 by suzanne


I split with my partner five years ago. I was a stay at home mum with three children and he was the breadwinner. The solution was to sell the family home and he would take on a smaller mortgage on a house for the children and I. He lost his job and has massive financial problems and would be better to go bankrupt but with both names on the mortgage they can claim his half and then the children and I would lose our home. After talking to friends they suggest I can remove his name off the deeds of the house but not the mortgage as i could not take it on my own as my salary is not sufficient and then they could not take his half of the house if he goes bankrupt. Is this correct? I am desperate to hold on to our home for our children.

Suzanne,

I regret that I am unable to offer legal advice. Please look at the Government website dealing with Bankruptcy, it is written in clear simple terms.

I recommend that you then seek independent legal advice about your own situation.

Peter

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