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Posted: Mon Jul 14, 2008 11:11 am
by steve.m
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?
Posted: Mon Jul 14, 2008 11:32 am
by MelanieGiles
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.
Posted: Mon Jul 14, 2008 11:42 am
by steve.m
this was an unsecured debt, would that matter?
Posted: Mon Jul 14, 2008 11:45 am
by Lisa2009
If they get a charging order, the debt will then become secured
Posted: Mon Jul 14, 2008 11:49 am
by kallis3
Could he not disassociate himself from her financial dealings?
Posted: Mon Jul 14, 2008 11:51 am
by Lisa2009
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.
Posted: Mon Jul 14, 2008 11:54 am
by kallis3
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.
Posted: Mon Jul 14, 2008 7:53 pm
by Moneystinks
I bet you're right Jan.
How awful though.
I hope you get sorted soon. XX