transferring my equity back to me ?

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dekn7

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Post by dekn7 » Fri Sep 12, 2008 7:51 pm
My partner bought out my 50% of the house to avoid the complications of the 4th year clause of my IVA. Once my IVA is cleared is there any legal reason why she cannot transfer my 50% back to me for a £1 ?
 
 

MelanieGiles

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Post by MelanieGiles » Fri Sep 12, 2008 7:55 pm
Hi there and welcome to the forum

No reasons at all, but I assume that will expect this to reflect that you have a £1 interest in the property and not the full value of 50%. She ought to seek her own legal advice in order to be completely watertight.
Regards, Melanie Giles, Insolvency Practitioner
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