Quizzes & Puzzles4 mins ago
if my partner goes bankrupt.
2 Answers
can the stuff in my name be taken.
Answers
Best Answer
No best answer has yet been selected by leahprice. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It depends.... I Work in Insolvency and am New, so if I explain it silly, I apologise!!
If you and your Partner have Joint Assets, his Share can be used to Pay his Debts. If he had a House that he Sold to you for less than it is worth so that it is in your Name and not his, this is frowned upon in a BIG way!!
Is your Partner Bankrupt?? If so, go and see an Official Receiver/Trustee/Insolvency Practitioner and ask them. If he is just thinking about it I would get some advice from that CAB.
It also depends on how much he owes and what his Assets are.
Good Luck!!
CrazyDaisy80
xXx
If you and your Partner have Joint Assets, his Share can be used to Pay his Debts. If he had a House that he Sold to you for less than it is worth so that it is in your Name and not his, this is frowned upon in a BIG way!!
Is your Partner Bankrupt?? If so, go and see an Official Receiver/Trustee/Insolvency Practitioner and ask them. If he is just thinking about it I would get some advice from that CAB.
It also depends on how much he owes and what his Assets are.
Good Luck!!
CrazyDaisy80
xXx