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T O P I C R E V I E W
spr76
Posted - 13 December 2008 : 15:14:49 i live with my parents if declared bankruptency would it affect my parents home and there credit raitng?
3 L A T E S T R E P L I E S (Newest First)
movin on
Posted - 13 December 2008 : 18:52:03 Just to add I was told if anything did come up on your parents credit files then you can be financially sperated from them, by writing to each of the agencies.
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx
pix1
Posted - 13 December 2008 : 16:34:11 spr76,
PS Forgot to say, your name and address might appear in a local paper but in my case it didn't.
pix1
Posted - 13 December 2008 : 16:29:45 spr76,
As long as they are not jointly liable for any of your debts it will not affect them. your own credit rating would be affected for 6 years but the credit reference agencies are duty bound not to allow other people's names to come up on any credit reference search by any company, etc. your bankruptcy would be advertised in the Gazette newspaper and would show the address of your parents but this is separate to the credit reference files. your name and address would also appear on the Insolvency Service website for your undischarged bankruptcy and for three months after you are discharged then it would come off the website.
