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Debt Question (1 viewing) (1) Guests
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TOPIC: Debt Question
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Debt Question 4 Months, 3 Weeks ago
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When my partner was told to leave the MH his x wife consolidated all the debts that were on credit cards and loans (approx £17K)and put them on the mortgage (which she has in her name only) as he would never be able to pay the debts.
They are now going to court over the finances.
Does anyone know what will happen about the debts as now they are in her name only.
Thanks in advance
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Re:Debt Question 4 Months, 3 Weeks ago
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Hi Holly,
all the debts and assets are taken into account regardless of whose name they are under.
unfortunately this means he will be liable for half of them, the equity left in the property will be split, anything from 50/50 to 75/25 depending on children, income, pensions and other assets.
dawn
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Re:Debt Question 4 Months, 3 Weeks ago
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Thanks Dawn
That is what i thought, seems fair that he should have to pay half but then again she was the one spending all time on things they didn't need !! for example 4 sofas turned up on the doorstep on day, who the hell needs 4 sofas!!
Holly
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