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T O P I C R E V I E W
nicola.mn
Posted - 02 November 2010 : 18:14:45 I have a house in negative equity, with an ex partner, also we share a joint loan for 23k. If i were to declare bankruptcy, would it wipe the house shortfall too?
1 L A T E S T R E P L I E S (Newest First)
Bigal4787
Posted - 03 November 2010 : 00:34:37 Hi Nicola, if you were to declare yourself bankrupt, then that creditor would then pursue your ex partner for it as it is a joint loan.
As for the property, the only way the shortfall would be claimed in bankruptcy would be if it were repossessed(or you surrendered it voluntarily) and then sold producing a shortfall.
