Can I save my house

[simhen2]

I own a half share in a house.

My brother owns the other half share

I have lived there for 6 years on my own

My brother has been made bankrupt

He has enough assets to cover this debt without selling the house

Will, can, the Trustee in Bankruptcy evict me and force me to sell ?

Edited September 11, 2013 by simhen2
too much information

[dx100uk]

If your ex goes bankrupt and you had property together, and there is any equity,

his share of the equity will be looked at in the bankruptcy and could be wanted to be paid into the bankrupt.

 

The Trustee may allow you to pay this amount, if you cannot do this, they can force the sale fo the house.

 

nicked from elsewhere

 

dx

[unclebulgaria67]

I own a half share in a house.

My brother owns the other half share

I have lived there for 6 years on my own

My brother has been made bankrupt

He has enough assets to cover this debt without selling the house

Will, can, the Trustee in Bankruptcy evict me and force me to sell ?

 

The longer your brother takes to sort this out, the more the costs will increase and the more chance there is of the house being sold to pay off his debts. Suggest that you tell your brother to resolve this urgently.

 

Can you buy your brothers share of the house, so it is all in your name ? Look into this, if it is a possibility.

[simhen2]

i have asked a barrister for a ball park figure as to what my brother may owe and she said probably about £70000. this is for an original debt of £3500 council tax which he did not know about because the statement of demand was served to his estranged wife.

[Guest]

3.5k to 70k

how?

[simhen2]

trustee costs and fees as I said this was a ball park figure given by a barrister

[Guest]

is that though 70k just on the 3.5k, or are there other debts involved? how long ago was the ctax bill owed?