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p.s. I forgot to clarify that the reason I rent our ex0family home is that it has always been in her name
and still is. Although she does recognise my financial contributions to the mortgage.She has no legal claim over my unit due to the way we had our relationship setup
hope that helps.
Cheers
PhilHi, first time posting here, hello to all
Justa quick question I feel may belong in this topic (I stand corrected if I am wrong
);I currently have an investment unit of which I have borrowed equity and now owe as much as its worth almost. I have found myself in an very bad financial postion due to relationship collapse etc and as such am considering bankruptcy or an alternative.
I owe approx $100,000 in accumulated personal and Govt debt (HECS etc..), not including the mortgage for my unit.
I am unsure what to do and I would dearly like to keep my unit since my long-term tenant has been paying it for many years.
I work casually as a Medical Assistant and am a fulltime Uni student.
I have 3 cars in my name although one is my 17yr old sons. I own a race car worth approx $25,000 and a crappy commodore worht about $3,000
other than that I rent a small house and have basic furniture now.
My main problem is that I maybe receiving my ex-partners share of our family home, the one I currntly rent. She is talking of simply giving it to me to get her off the mortgage.
I would prefer not to loose it under bankruptcy in a years time or so.
If anyone has any ideas I would appreciate it
Kindest regards
Phil
and still is. Although she does recognise my financial contributions to the mortgage.
