Is he Right?

jackie0102

Please can somebody advise me on the following....

My divorce was finalised in September and part of the settlement was that my Ex would sign over his half of the house (I have this information in a solicitor's letter). It's been an extremely nasty divorce with him going on sick leave from work so he only has to pay me £5 a week for our three young children! The latest thing he's thrown at me is that he's gone bankrupt and I'm going to lose the house!
I've struggled on my own over the past two years to pay the mortgage although a couple of times I have been late with payments and there has been court threats. My Ex has told me that because nothing has been done officially about siging the house over and because my solicitor didn't get me to take insurance out, I haven't got a leg to stand on and will lose the house! Is he right in what he's saying or is he just trying to use scare tactics?
I'm so scared, can please somebody please advise me on what I should do I have no family that I can turn to.
Thank you,
Jackie xx

silvercar

can I suggest you post this on the debt board and/ or the bankruptcy board. there will be people on there who have experience in this area.

I would say the position is not at all cut and dry. you have evidence on paper that the house is effectively yours, you have been paying the mortgage and bills in recent times. You have a case for persuading the Official Receiver (who will rule on your ex's bankruptcy) that the beneficial interest (that is the equity after the mortgage is paid) belongs to you and not your ex.

Once that is sorted you need to make sure that the mortgage is the best deal possible for you at the moment, maybe paying interest only in the short term?

jackie0102

Thank you Silvercar,
I'll re-post this on those boards - I wasn't sure where to put it!
Jackie xx

regularsaver1

You need to see your solicitor about this

I'm afraid I have seen this happen. They contacted the woman after he went bankrupt and he was not living in the property. The property was seen as his asset.

I hope you get things sorted

Bossyboots

Provided the court order is sealed then the property should be considered yours and save from his bankruptcy.

You do need to check with your solicitor the exact position as obviously they are familiar with the case details and in the best position to advise.