Income/expenditure and bankruptcy

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pm.e

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Post by pm.e » Wed Jul 11, 2007 7:34 pm
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Hello,

If I go bankrupt, and I have the only income in the familiy but the home is jointly owned with my wife what happens?

Can my wife still buy my share in the property, or does she need an income?
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Adam Davies

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Post by Adam Davies » Thu Jul 12, 2007 1:54 pm
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Hi
Well if she has the money then she can buy the share,at full market value.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Thu Jul 12, 2007 4:10 pm
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How will your wife fund the purchase of your beneficial interest, if she has no income?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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