I am getting divorced we have I have a CC on my name and are the only member. M x have went insolvent last year. The pre marriage contract we agreed that in case of divorce or death I will give him the company he must give me R250 000.00 in exhange. There is a lot of debt and vehicle finance that I sighned suretly for in my personal capacity what will happen in this case? as he can not get finance
Optional Information: Province: ofs
I am a the only member of a CC in Truck repairs All the vehicle finance in CC name but I sighned personal surity as well as bank account an Volvo account and Standard bank fleet management. Some vehicles are less than 24 old of the original 60 months repayments..
the CC has a workshop valued atbout R800 000 I have takenout a bond on my name for R500 0000 to build that workshop.
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information. What happens now? If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
I would suggest that you get your husband or somebody else to take over your surityships, if he is not able to release you as surety refuse to accept R250k and to transfer membership over to him.
HiAccording to my records you have not rated my service. If there is no more info required please rate my service.Regards