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T O P I C R E V I E W
Louise.15
Posted - 05 April 2011 : 01:34:32 me and my boyfriend have a joint mortgage and joint loans on the house both secured and unsecured. The remainder of our debts are solely owned. As I am in more debt than my partner can i go bankrupt and not him and he just continue to pay his debts off himself?
also would we lose our property?
2 L A T E S T R E P L I E S (Newest First)
Richard P
Posted - 05 April 2011 : 10:09:12 Hi louise
re house depends of value of your house, the amount of equity, also as you have secured loans on the property,
if the charges on your property means that the monthly outgongs are significantly higher than to rent locally the OR could insist you rent but that is rare.
in any case any action on your property would be a little bit down the road (9 - 30 months).
All though debts are joint you do not have to take same course of action at the same time
Good Luck Richard,
fattypatty
Posted - 05 April 2011 : 09:15:29 hi louise im no expert but if you have joint loans all the debt you have moves to him, myself and my husband have joint loans and i have just declared bankruptcy we couldnt afford to do it at the same time . until my husband declares bankruptcy im sure the debt is all his its only sole debts that are sorted until then .
