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T O P I C R E V I E W
TAZ
Posted - 25 March 2010 : 18:30:59 What happens if after BR i hand the keys back to the bank.The house is both myself and my wifes names but it is only me who is going bankrupt
2 L A T E S T R E P L I E S (Newest First)
Housing
Posted - 25 March 2010 : 19:45:04 Hi,
I cannot add anything to what gettingoutofdebt has said - sound advice.
If you want a more detailed response - would need a bit more background.
have you taken advice so as to see if bankruptcy is the best route for you? If not, you should do - plenty of assistance on this site.
Come back as necessary, Richard
quote:Originally posted by TAZ
What happens if after BR i hand the keys back to the bank.The house is both myself and my wifes names but it is only me who is going bankrupt
"There are no problems - only solutions"
gettingoutofdebt
Posted - 25 March 2010 : 18:58:34 If the house is also in your wife's name then she will be liable for any mortgage repayments or any shortfall if you decide to give up the property once you have been declared BR. This is the same for any other joint loans or credit cards.
