Sihai network

Parents in debt sealed their daughter's house and the couple transferred the house to their daughter

Parents in debt sealed their daughter's house and the couple transferred the house to their daughter's name

When he learned that the house under his daughter's name had been sealed up and would face evaluation and auction, Mr. Zhou was a little flustered. Mr. Zhou is a shareholder of a company in Chengdu, Sichuan. Due to the company's 2 million debt dispute, Mr. Zhou and his wife, Ms. Tang, were sentenced to joint and several liability in November 2018.

On April 26 this year, the people's Court of Jialing District, Nanchong City sealed up a set of real estate under the name of Mr. Zhou and his 10-year-old daughter Zhou. On September 26, the court announced that if the executee Mr. Zhou and others failed to fulfill the payment obligations determined in the effective legal documents within the time limit, the court would evaluate and auction the house.

Behind the matter is that on August 20, 2018, before the transfer of the house involved to Zhou's name, it was originally registered in the personal name of Zhou's mother, Ms. Tang. At the time of the transfer of the house, Ms. Tang and his wife had been indebted due to the joint and several liabilities of the company.

In this regard, Mr. Zhou said that there was another secret in registering the house change in his daughter's name, because the house was originally purchased with the investment of his sister-in-law, and his wife was only the holder before. Later, the couple fell into a debt dispute. After obtaining the consent of his sister-in-law, he transferred the house to his daughter Zhou, Mr. Zhou raised an objection to the execution decision of the court in the name of his daughter.

On October 31, the Red Star News reporter learned from the people's Court of Jialing District, Nanchong that the party's objection to execution was established or the execution could be terminated.

Incident: the husband and wife failed to repay the property under the name of their 10-year-old daughter due to the company's debt dispute

Mr. Zhou is a shareholder of a company in Chengdu. In April 2016, the company borrowed RMB 2 million from Mr. Chen due to production and operation needs. Mr. Zhou, Ms. Tang and their spouses provided joint and several guarantees.

However, after the loan expired, Mr. Zhou's company was unable to repay. After that, Chen filed a lawsuit to the people's Court of Jialing District, Nanchong City. In November 2018, Jialing District People's court made a judgment that Mr. and Mrs. Zhou should repay the loan and interest together with their company.