Showing results for tags 'restriction k'.
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I am seperated and live in the former matrimonial home (no young children) there are two restrictions on the property in my ex husbands sole name. I bought the ex's beneficial interest from the trustee in 2009 when he (the ex) was declared bankrupt, for a nominal fee using the same solicitor as the trustee. I was unaware at that time that they were not dissolved in the bankruptcy. I only discovered that they remained 6 years later when he left me. I have recently learnt that he (the ex) will be inheriting 50% shares in two properties and will be getting a lump sum. This of course sticks in my throat a little given that throughout our entire marriage I lived under threat from debt collectors, bailiffs and HMRC because he never submitted tax returns or paid anything he could get away with. Only a few days ago he told me and I quote 'that house has nothing to do with me' So he swans off with the new love of his life leaving me with a huge interest only mortgage that will end in 10 years (I will be 64 then) and any equity I may have had will pay off his debt whilst he lives mortgage free! My questions are: 1) Would I have any grounds for potentially suing the solicitors for not acting in my best interest in the purchase of the beneficial interest, because I feel if it wasn't the same solicitors acting for both the trustee and myself they would probably advised me of the consequences. 2) Can the creditors with the restrictions try to collect it from him direct if they knew he had money/other properties with equity, or can they only collect it from the sale of my home now they have restrictions. 3) When we divorce and it comes to the financial side of things, would a judge expect him to pay off his debt as he's going to be financially secure and I'm not. I know he'll have to stay on the mortgage and I will be ordered to use my best endeavours to get him removed, but that's not going to happen on my income, that shouldnt affect his ability to buy himself somewhere to live because he'll have enough not to need a mortgage anyway. I cannot afford a solicitor, I have paid off over £3,000 in mortgage arrears accrued before he left, and am only now two years later just about getting back on my feet emotionally and financially. Any advice would be massively appreciated on the subjects of divorce and the restrictions as its worrying me immensely Thank you for reading my sob story
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