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| stephend1 |
Posted - 13 January 2009 : 07:55:34
If I declare myself Bankrupt is my wife responsible as well and has to contribute to my monthly payment ? We have joint account.
Thank you very much. |
| 1 L A T E S T R E P L I E S (Newest First) |
| Needafriend |
Posted - 13 January 2009 : 08:06:47
Hi Stephen & Welcome
All joint debts will become "Joint and several liability" once one of the other party becomes bankrupt, so that would mean that your wife would be liable for the whole of the debt.
If you have a joint account it may be worth opening another one, and also is there an OD on there.
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
23 Weeks down
29 to go
For more info on how i have come through bankruptcy and for links to help with filling out the forms, I&E, Car Valuations, etc, etc, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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