Questions Regarding Bankruptcy

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Comments

  • Dog21
    Dog21 Posts: 13 Forumite
    Thanks for the reply again

    Wonder if they will take the full rent or half as it's half my wife's flat also.

    I need some sit down time with an expert I think.

    Thanks for your time
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    First Post First Anniversary Combo Breaker
    Hi again


    The fact that it is jointly owned alters matters to a degree - I'd interpreted your original post as meaning that you owned it solely (and others may have read it that way, too).


    In this scenario, only the bankrupt!!!8217;s (your) beneficial interest will vest in the official receiver.

    All rent and other income (after allowable costs) should be split between you and the joint owner, and your share should be passed to the official receiver.


    Again, Business Debtline can cover all these angles if and when you get to speak with them.


    Dennis
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
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