We split up in 2018 and I moved out in 2018 and she paid me £4,000 to buy me out of the house, but has been unable to get the house fully in her name alone for one reason or another, I would sign my part over in a heart beat as we have kids and that is their home.
I got into a lot of debt when we're together and I decided in 2019 to get an IVA.
I'm self employed so my work dried up when the pandemic hit and I have been unable to pay my IVA, I am currently in breach and they are either saying they will cancel the IVA or petition to make me bankrupt.
Will they look at my ex wife's and kids home as it's still not fully in her name, or because I haven't been living there for a few years and she already paid me £4,000 to buy me out will they then avoid looking at the house?
Can my ex partners mother be a guarantor for her so that it can fully go in her name or could she buy the house or me sign it over to her mother etc?
What are my options? I've had no relevance to the house in over two years, haven't been paying anything towards it and was bought out.
I just need some advice in case bankruptcy does rear it's head.
If it goes to BR the Official Receiver will investigate the situation regarding the house and it is possible that it might be sold, or that the OR will offer your partner a chance to retain the property --- we cannot guess the outcome.