hounded for a debt owed by my estranged wife

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steve.m

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Post by steve.m » Mon Jul 14, 2008 11:11 am
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i am being hounded for a debt owed by my estranged wife. She moved out and I have no way of contacting her. The debt is £7,500 and the creditor is threatening legal proceedings against her at my address - we still own the house jointly. Can they take my house for her debt?
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MelanieGiles

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Post by MelanieGiles » Mon Jul 14, 2008 11:32 am
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Hi steve and welcome to the forum

They could secure a charging order over her share of the equity, which could then be enforced if she does not pay. This would be quite extreme, but if you have any way of tracing her I suggest you try as she does need to deal with this issue.
Regards, Melanie Giles, Insolvency Practitioner
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steve.m

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Post by steve.m » Mon Jul 14, 2008 11:42 am
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this was an unsecured debt, would that matter?
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Lisa2009

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Post by Lisa2009 » Mon Jul 14, 2008 11:45 am
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If they get a charging order, the debt will then become secured
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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kallis3

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Post by kallis3 » Mon Jul 14, 2008 11:49 am
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Could he not disassociate himself from her financial dealings?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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Lisa2009

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Post by Lisa2009 » Mon Jul 14, 2008 11:51 am
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I would assume that as the house is still jointly owned they are free to take it from her share unless the debt is paid.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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kallis3

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Post by kallis3 » Mon Jul 14, 2008 11:54 am
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I just wondered. It doesn't seem fair when she has moved out, but presumably Steve will either have to sell the house or buy out his wife's share so it would be paid back out of that.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Moneystinks

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Post by Moneystinks » Mon Jul 14, 2008 7:53 pm
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I bet you're right Jan.

How awful though.

I hope you get sorted soon. XX
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