Understanding bankruptcy and the matrimonial home: What are the risks I should be aware of?
Bankruptcy and the matrimonial home – what are risks you should be aware of? What is bankruptcy? In its very basic form, where an individual is made bankrupt, their assets will be collected by the Official Receiver or Trustee in Bankruptcy (“TiB”) for the benefit of unsecured creditors. Is your home at risk if your partner is bankrupt? If your partner or you are declared bankruptcy, you could risk losing your home. Bankruptcy procedures and the sale of property
The 7 facts you need to know about setting aside a default judgment
The 7 facts you need to know about setting aside a default judgment When a default judgment is given against a business or individual, they have the right to ask that it be set aside. We look at what a default judgment is and how to make a successful application to have it removed. What is a default judgment? When a civil or commercial claim is brought in the County or High Court and the defendant fails to either