I own a property jointly with my partner (no mortgage). My partner has a lot of personal debt, approx £50k, there are also now 2 charging orders on our property (total approx £11k) in his name.
My partner is currently in prison, and is considering bankruptcy.
How will this affect me? I recently came into an amount of money, just enough to pay off the mortgage.
We want to transfer the property into my name, but I do not have £11k to clear the charging order.
If he were to declare bankruptcy, what would happen to the charging order?
My partner is currently in prison, and is considering bankruptcy.
How will this affect me? I recently came into an amount of money, just enough to pay off the mortgage.
We want to transfer the property into my name, but I do not have £11k to clear the charging order.
If he were to declare bankruptcy, what would happen to the charging order?

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