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 bankruptcy postbag for july
 are my sole assets safe

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T O P I C    R E V I E W
michelle.b Posted - 29 July 2008 : 23:16:55
My husband had his flat reprossesed in the early 90s and there was a shortfall of £35kish, he ignored all letters from them until before we were married about 5 years ago and has been paying £25 a month. This debt was long before he met me, am i liable as they just keep chasing him for more money. They do not know he is remarried as he was married to someone else when this debt occurred, he signed a disclaimer so his first wife is not liable for the debt. He is unemployed and gets £60.50 benifits but he is concerned for me and my home which he does not have any claim too as it is all in my sole name as i did right to buy before we were together. Could he go bankrupt and are my sole assets safe even though we are now married?
1   L A T E S T    R E P L I E S    (Newest First)
Suzanne Posted - 30 July 2008 : 08:49:11
Hi Michelle

The only way any Trustee could have any claim on your property is if your husband makes a contribution to the household. If he is on benefits then it is unlikely he is.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk

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