Hi,
If you are a sole trader, with unlimited liability, and the family home has been moved to be the wife's name only, is there still a chance of the home being at risk if there are debts?
If the sole trader has contributed to the purchase of the house, and has continued to contribute to the mortgage is it deemed to be an asset that could be used to pay off debts?
I read something saying it could be used but it was UK based so I'm not sure how it applied in Ireland.
If you are a sole trader, with unlimited liability, and the family home has been moved to be the wife's name only, is there still a chance of the home being at risk if there are debts?
If the sole trader has contributed to the purchase of the house, and has continued to contribute to the mortgage is it deemed to be an asset that could be used to pay off debts?
I read something saying it could be used but it was UK based so I'm not sure how it applied in Ireland.