bankrupt - will joint-name condo be seized?

J5009 SG

Hi,

Greetins,

If I am bein sue for Bankruptcy, Will my condo be taken away for if is under a joint name and my wife is the one paying al the while?

Thanks in advance

FireIce SG

anything with ur name on it legally will be possessed

but u can find a lawyer to handle this if can prove tt your wife is paying for it
and if she can continue to pay for it, the bank can consider selling your share of it to her so she can own it totally

tts why ppl will file for divorce before bankruptcy
so tt spouse does not need to bear legal consequences

J5009 SG

Hi Thanks for replying. If she can continue paying, can she still keep the condo?

Also today(Imagine 3rd day of CNY!) One law firm representing Uob pasted a bankruptcy notes chapter 20 of 7 pages on my door when they are people in the house!

Can I go to the police? IS like loan shark right?! Out to embrasses u before u are a bankruptcy?1

Thankd

FireIce SG

today is a working day, if u have 4gotten..................

sooner or later ur fwens and relatives will know

so might as well

bcos i think it is difficult for u to open mouth to them oso, rite?

it's not something u can just update everyone casually like facebook status

J5009 SG

No What I mean can they do such things? Isnt it like loan shark? And I am not bankrupt yet

FireIce SG

tt is wat they are supposed to do.

dun bother calling the police or trying to make a fuss outta tt bcos it is just showing tt u are trying to delay time

how abt calling ur lawyer instead?

shd be haben sleep at this hour.

Honeybunz SG

Hi Thanks for replying. If she can continue paying, can she still keep the condo?

Also today(Imagine 3rd day of CNY!) One law firm representing Uob pasted a bankruptcy notes chapter 20 of 7 pages on my door when they are people in the house!

Can I go to the police? IS like loan shark right?! Out to embrasses u before u are a bankruptcy?1

Thankd

Can they even do that at a condo? won't they be stopped or something?

Honeybunz SG

anything with ur name on it legally will be possessed

tts why ppl will file for divorce before bankruptcy
so tt spouse does not need to bear legal consequences

remember to buffer some cash for the legal fees, stamp duty and stuff for the trsf of your ownership to your wife

FireIce SG

can.

somemore they have a valid reason.

dragg SG

you expect the bank to consider your face when you owe money and not pay up?

Honeybunz SG

you expect the bank to consider your face when you owe money and not pay up?

very harsh leh... dragg.

TS having crisis. be easy on him, ya?

Honeybunz SG

the law firm ppl can just hand deliver the note instead of pasting on the door. I guess diff firm got diff SOP bah.