Request Call

Speak to a specialist adviser today
for a no-obligation chat.
First Name
 
Last Name
 
Phone Number
 
Email
 
Are You Curently Bankrupt
 
 

Latest Headlines

Need quick advice?

Ask an expert now and get an answer within the hour. Easy and FREE

Searching for information?

Visit our FREE archives and find the answer to thousands of questions.

Friday, 10 December 2010 08:41

Can I Transfer A Property With A Charging Order On It?

Written by  Jon
Rate this item
(0 votes)
Question: I'm being bullied and blackmailed into a settlement by my ex-husband. He wants me to clear the joint mortgage on our property which he lives in, or he will stop paying the mortgage (which he's done seversl time before) and in his word "scre me over the house". There is a small charging order against the property in relation to his share for £30k.

I am prepared to settle the outstanding mortgage but on the condition that the property is transfered to our son. Can this be done whith th charging order in place?


Answer: A charging order is a secured debt now against the property and if you plan on transferring the property by paying off the mortgage the charging order will need to be paid as well.

I hope this has answered your question.

For more information and assistance, please complete our eligibility form at our web site www.bankruptcy.org.uk or ring us at 0800 0029951.

Regards,

Jon
Comments (0)Add Comment

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy

Insolvency calculator

Find out the best debt solution for you with our simple calculator:

Total Debt:

£

No of creditors:

 

Monthly income:

£

Monthly expenses:

£

Own home?

Yes No


Our Services

If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

Browse Categories