Areas of Law / Debt matter

Debt matter Questions

My son-in-law was made bankrupt seven years ago. At the time there was no equity in their house, which was jointly owned by my daughter, so they were allowed to retain it. However my son-in-law has recently been advised by the receiver that, should the house be sold at any time in the future, the receiver will be entitled to take half of the net figure realised. Is there no limit?

My partner moved in with me 12 months ago, although the house and everything in it belongs to me. He is shortly to be served with a bailiff’s order, and I would like to know what can be seized to pay off his debts. Can they take my things?

A year ago a court ordered a builder to pay me more than £2000. I was told there was little chance of obtaining the money because the builder had moved away. However I have seen him recently and wondered if I could pursue the case without incurring more legal costs.

My husband died two months ago. I have now received a letter from the bank asking for the person who is dealing with his estate to recover some money he borrowed in his name only. I can’t afford to repay this because there’s still a mortgage on the house and I only receive the state pension. Am I bound to pay it?

Several years ago I became ill and was unable to maintain full payment of a number of unsecured loans. The local CAB arranged, on my behalf, reduced payments to my creditors. Although I intend to keep paying, I am led to believe that there is no longer any legal basis for my creditors to recover the outstanding amounts once six years have elapsed. Can you confirm this?

When I was divorced three years ago I forgot to close a joint bank account. I’ve now discovered my husband has run up a £5,000 overdraft and the bank is asking me to pay it off. Can that be right?

I have just found out that my wife has taken out a loan of £5000 secured on our property, which is jointly owned. This has all been done through the post, and she faked my signature. How do I stand?

If you go bankrupt with a house which is still mortgaged and with other debts that cannot be met by your income, will the house have to be sold?

Six years ago I obtained a court judgment for a debt approaching £30,000. The debtor now has sufficient equity in his property to pay back the money, but he has recently married a woman with a disabled son. If I were to apply for a bankruptcy order, would this affect my chances of getting my money?

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