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What happens to property purchased jointly by a couple during divorce
21-Jan-2023 (In Civil Law)
Dear sir i am a marege 2005 i am a flate parchesed 24-8-2008 on join name me & my wife i am a balance amount on bank lone to my name i am a paid to monthly estolment till toaday wife is left the house & divorce pitision fild famaly court mumbai & after six mounth dv act fild to mrs divorce is granted 1-9-2014 dv act 2005 dismissed 22-12-2014 plz advice to me i am a dilet the name of my my house plz sagesion to me
Hmmm...This seems quiet a complex matter...I'll drop a mail to you...Kindly revert to that shortly. And we shall take things from there.and decide the best in a situation like this one so we can get to a closure soonest.
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Adv. Krishnan Balakrishnan Nair
Pune | 100+ Answers
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As per amendment to The Marriage Laws (Amendment) Bill 2010, any property acquired by husband after marriage by default wife will have 50% right in such properties in case of a divorce. The Marriage laws automatically provide financial security to wife. To secure wife’s interest in the case of any unfortunate event, your wife can claim 50%share in property in the vent of divorce and obtain an injunction restraining you from selling the said flat.
if you stop paying EMI bank will take recovery proceedings against you and your wife and bank may auction it to sell off and amount will be divided. Best course of action will be to convince your wife to execute and register a relinquishment deed after taking a compensation for it,
if you stop paying EMI bank will take recovery proceedings against you and your wife and bank may auction it to sell off and amount will be divided. Best course of action will be to convince your wife to execute and register a relinquishment deed after taking a compensation for it,
Helpful?
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Adv. Mirza Faizan Assad
Bangalore | 25+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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