question category: Bankruptcy

The house is in my husbands name but I pay the mortgage - wot will happen if hes bankrupt?
Submitted on: 11th Mar 2010 by Non-Member | Total Answers: 0

My husband and I own a business which is doing badly and is in alot of debt. My husband also has £70k worth of unsecured personal debt currently under a DMP. I have been paying the mortgage for almost a year but the house is in my husbands name only. If he goes bankrupt am I entitled to any part of the equity as I have been paying the mortgage? Also would it make a difference if my name was on the mortgage? Finally is there anyway to go bankrupt and avoid losing your house? Thankyou

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