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T O P I C R E V I E W
chefh
Posted - 11 January 2009 : 23:44:20 I have a secured joint loan on my property with my partner. If I was to go BR would they turn to her to pay it?
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 12 January 2009 : 00:22:39 Hi
A joint loan is joint and several. Which means that your partner in 100% liable for it as are you.
In addition please remember that if the loan is secured it would not be covered by your Br unless you handed the house back and the shortfall after sale was included.
This would obviously be a problem - and debt - for your partner.
You may want to give the helpline a call to discuss further
Paul Johns Assisted Bankruptcy Specialists Reviva UK
