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T O P I C R E V I E W
zmi
Posted - 20 June 2009 : 09:04:48 I am currently considering bankruptcy after a few poor choices in life. My question : I have a personal loan for which my ex wife is the 2nd named person on the loan and the same with a bank account which is overdrawn(she hasnt used this account herself for a few years tho). Will she become liable for those 2 debts ?
2 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 21 June 2009 : 08:57:22 If it's a joint account then she will liable for any debts on there as well and if you declare BR then the bank will chase her for the overdraft.
You are both jointly and severally liable liable for joint debts.
The glimmer gets brighter all the time
Jan xx
gettingoutofdebt
Posted - 20 June 2009 : 10:54:30 If the loan was a joint loan and you declare BR then your ex-wife would be liable. The same would apply if your ex-wife was the guarantor of the loan.
This will be the same for the bank account if it is a joint account. She may be able to argue that she isn't liable for the bank account debt as she hasn't used it for a few years (and presumably you are divorced?) however I am not too sure if this is possible.
