L
Linkytinky
Guest
Not sure if anybody knows whether your house can be attached or you can be forced to sell your house to pay a creditor.
Many thanks
Many thanks
Yes. A house is an asset and it has a value. If a debtor does not pay debts, a creditor can sue, get judgment and file a judgment mortgage against the property. They can subsequently seek a well charging order and an order for sale. If the property is jointly owned, those proceedinsg sever the tenancy. Only the debtors value in the property can be sought.
It is often said that "family homes" would never be ordered to be sold to pay off debts. I do not believe that to be the case.
mf
Is this theory or practice, mf? Have you come across many cases where family homes have had judgements registered against them, or been sold off from unsecured debts?