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T O P I C R E V I E W
rocksteadygt4
Posted - 09 February 2009 : 11:07:46 I am thinking of declaring bankruptcy i have a loan debt of approx £30 thousand this was gaurentored by my then wife,we are now divorced will my ex wife have to meet any payments ?
2 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 09 February 2009 : 11:15:31 If your ex-wife was guarantor for the loan you you file for bankruptcy the loan company will expect your ex wife to meet the contractural payments under the loan
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles 01446 711780 melanienicholas@jonesgiles.co.uk
Niobe
Posted - 09 February 2009 : 11:11:58 Hi,
Not 100% sure if this would be classed as the same as a joint loan. If so, then she will liable for the whole of the debt.
I'm sure one of the professional experts will be along with a definitive answer soon.
