UK Bankruptcy Law

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Related UK Bankruptcy Law Questions
Hello, I am considering bankruptcy and have a joint mortgage
Hello, I am considering bankruptcy and have a joint mortgage with my wife, what will happen to the property? I have two children also living there, my debts are well over £15000, I am self employed an… read more
James Mather
James Mather
78 satisfied customers
I am applying for a business loan and they want me as the sole
I am applying for a business loan and they want me as the sole director to sign as guarantor on the loan. I am also married and my wife has two properties she owns solely and we are also living in a h… read more
James Mather
James Mather
78 satisfied customers
my husband and myself are bankrupt i no longer work and we
my husband and myself are bankrupt i no longer work and we are seperated, we can no longer aford to pay the mortgage and the value of the house is probably less than we owe on the mortgage. If the mor… read more
Buachaill
Buachaill
Barrister
Master's Degree
22 satisfied customers
I am married with 1 child and I have a lot of debt in my name,
I am married with 1 child and I have a lot of debt in my name, no joint debt at all, no joint account and I am not on the mortgage and the car is in his name. . My husband works I don't. He pays the m… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
a) Sister in laws husband had big gambling debts and were
a) Sister in law's husband had big gambling debts and were advised by a “Financial Advisor”, badly I think, to seek bankruptcy which they were granted in July 2009. b) Sister in law personally had her… read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
I was made bankrupt in 2010 and am now discharged. The banruptcy
I was made bankrupt in 2010 and am now discharged. The banruptcy trustee took out a charge on my property, but because of subsidence that is currently worthless. I did not contribute anything to the p… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
63 satisfied customers
I am going through a devorce and my ex husband is saying he
I am going through a devorce and my ex husband is saying he is going to declare himself bankrupt. We jointly own a house that i live in with our child. Can he force me to sell.… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
33 satisfied customers
I have been served with a Statutory Demand for the sum of £38,000,
I have been served with a Statutory Demand for the sum of £38,000, including costs. This has been a matter ongoing since 2004 when someone repaid me some money and in doing so made me a preferential c… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
63 satisfied customers
I recently filed for personal bankruptcy following a business
I recently filed for personal bankruptcy following a business failure. My wife and I own a sailing boat which is registered under Part 1 of the ships registry we each own 32 of the 64 shares. The vess… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
how can i protect the property that my separated wife and 2
how can i protect the property that my separated wife and 2 children live in which i have a half share in but have never lived in?… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
63 satisfied customers
My husband is the sole proprieter of a small engineering firm.
My husband is the sole proprieter of a small engineering firm. His premises are rented and the equipment is worth about £2,000. He has been unable to work for the last year due to health problems (and… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
if my husband decides to go bankrupt with the debts in his
if my husband decides to go bankrupt with the debts in his name does that mean that i will have to do the same as none of the debts are in my name and will we loose the house as it is joint names… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
My ex partner has been made bankrupt and the court has accepted
My ex partner has been made bankrupt and the court has accepted that this has been due to ill health and he will be discharged in a year. I own a house with my ex partner which was our home and the ho… read more
Daniel Smith
Daniel Smith
Bachelor's Degree
1,213 satisfied customers
Our son and his wife are in the process of getting a divorce.
Our son and his wife are in the process of getting a divorce. They are heavily in debt and their house has a repossession order on it. The mortgage interest is being paid (she is now on benefits) - bu… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
33 satisfied customers
My house is jointly owned by me and my husband, as recorded
My house is jointly owned by me and my husband, as recorded at Land Registry. We have a trust of deed which says that he owns 95% of the property and I own 5% of it. However, the trust of deed is not … read more
Claire D
Claire D
Solicitor
Bachelor's Degree
3,045 satisfied customers
I am currently divorcing my husband and all the paperwork is
I am currently divorcing my husband and all the paperwork is with the courts. My ex huband sold a property to me at current market value (advised by solicitors) which i purchased with a buy to let mor… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
33 satisfied customers
I am in the process of divorcing my husband. He sold me a house
I am in the process of divorcing my husband. He sold me a house which we let in April 2010 at current market value. I also own my own house with the mortgage solely on my name the house was purchased … read more
Claire D
Claire D
Solicitor
Bachelor's Degree
3,045 satisfied customers
Hi i have a house in joint names,(we never Married) and last
Hi i have a house in joint names,(we never Married) and last year she had an affair and kicked me out my house ,so i declared myself bankrupt in july 2009.she is going to try and buy the interest out … read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
33 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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