My husband has signed a personal guarantee and the creditor is now pursuing a charge on our property. The property is owned on a joint tenants basis with me holding a larger percentage. Please can you advise if it came to the point of a forced sale would the cost of the sale be paid from my husband's equity in the property or would it be shared between us, as obviously I am not going to approve a sale.
You would need professional advice on this matter, being beyond the scope of this forum, but I would imagine that the costs would be apportioned, pro rata, according to each owners share.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I agree with Foggy and would also like to welcome him back after his break.
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
