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inheritance question on poss future bankruptcy?


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Just wondering what the situation would be if a few siblings inherit family home (in future) but one of the siblings is living with the threat of bankruptcy?

Would the off. receiver force the family home to be sold?

The worried sibling's % share would not cover all their debt - but it would clear some.

Or is it more likely the off receiver puts a charging order on the property so that if future sold, the worried sibling (bad debtor) would automatically lose their % share of the sale proceeds?  Can they put a charging order on part values?

 

Is it better to preempt any awkward situation by discussing protective measures with parents now? 

Worrying situation...

 

 

Edited by HP Mum
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