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beneficial interest - bankruptcy
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jodenice
Posts: 378 Forumite
I am trying to find out the best way forward - my boyfriend has over £25K of debts, we have a flat, it was bought for £134K but I put down a deposit of £7K (although I said it was joint deposit) so our mortgage is for £127K.
we are looking at various situations that may help and when discussing bankruptcy I ruled it out as I was so scared we would lose the house. But I have since heard that if I bought the equity off of him then he could go bankrupt without us losing our home.
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we are looking at various situations that may help and when discussing bankruptcy I ruled it out as I was so scared we would lose the house. But I have since heard that if I bought the equity off of him then he could go bankrupt without us losing our home.
x
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Comments
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There is a bankrupcy sub forum here, I personally would ask that question there as they are experts in the field and will probably answer a lot quicker!0
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sorry, I thought I was in there! Will move onto there!0
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Not a problem just wanted to make sure you got your answer!0
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