All Forums  archive  Forum Questions  Please could you tell me how bankruptcy effects me ?

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Caron.7[/i] [br]Hello, I was wondering if you could help me. My Partner is a sole trader with £42000 worth of business debt. We do not own our house and our finances are separate apart from the fact that we are both on the tenancy agreement. We receive working tax credits and child tax credits and a limited amount of money for childcare so I can work part time. Please can you tell me how his bankruptcy would affect me and our daughter in the future and how would this affect our working tax credits. Also can you tell me if we were to apply for a mortgage in the future would we always be charged a much higher rate of interest and would it be much harder to obtain a mortgage. Also we were planning to emigrate either to Australia or America. Would this still be possible? Thank you very much for all your help as I am at my wits end. Best Wishes, N Hathorn [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.