HK creditor claim on spouse' assets



ORIGINAL POST
Posted by wallfloweree 9 yrs ago
If the property is co-owned , then creditor can register a charging order with land registry regarding the jointly owned property, how ever whether an
Order for sale could be successfully obtained is doubtful.
Even suppose a spouse is adjudged bankrupt , official receiver would normally won't force an order of sale for the co-owned property, however they would suggest you to buy out the bankrupt spouse's shares in the property . If u refuse , there is nothing they can do
Otherwise, spouse is not liable unless he/she is the guarantor for the debt

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