Posted: Tue Aug 21, 2007 8:05 am
My husband and I separated in June 2006, he is looking into filing for bankrupsy and I was wondering how this would/could affect me.
We married 26/07/03 and he went on my mortagage in 2004 - at the time we took out a deed of trust with him 'owning' 2% of the property, the remaining 98% in my name - it was bought etc by me in 2001 and he put no money into the property apart from through household account etc. The property went back to my sole name - motgage and deeds in August 2006. We both signed a separation agreement in July 2006 stating we have no claim on eachothers income/property and that individual debts (bothparties) are the sole responsibility of the debt holder.
PLease could you advise me as to whether any claim could be made on my property as we are not divorced.
In addition to this, if we were to reconcile in the future, would this impact on a) his bankruptsy b) the status on my home ( he would, in effect live in my home as a tenant and would have a deed of trust instated again)
Many thanks for your help and advice.
We married 26/07/03 and he went on my mortagage in 2004 - at the time we took out a deed of trust with him 'owning' 2% of the property, the remaining 98% in my name - it was bought etc by me in 2001 and he put no money into the property apart from through household account etc. The property went back to my sole name - motgage and deeds in August 2006. We both signed a separation agreement in July 2006 stating we have no claim on eachothers income/property and that individual debts (bothparties) are the sole responsibility of the debt holder.
PLease could you advise me as to whether any claim could be made on my property as we are not divorced.
In addition to this, if we were to reconcile in the future, would this impact on a) his bankruptsy b) the status on my home ( he would, in effect live in my home as a tenant and would have a deed of trust instated again)
Many thanks for your help and advice.