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| beermonster |
Posted - 30 October 2009 : 09:09:27
Hi
My husband's business went bankrupt in May this year. he was made bankrupt by the Inland Revenue. He has been for the interview with the Official receiver etc and his case has not been taken up by a trustee as there is no equity in our house due to second charges etc. This is a good thing as it means we are not losing our house. I am trying to be supportive but am very worried about the situation still. I ahve debts in my name incurred by him trying to save the business and I was right behind him in this. I have now cashed in some endowments in my name to try to pay off these debts ( I have offered 30% to all creditors and am waiting to hear). The problem is I feel resentful because I'm doing all the sorting out and worrying. I am supporting us on my wage while he looks for work which is difficult. He is also not very forthcoming about providing any information the Official Receivers ask him for. He says he isn't going to make it easy for them. Every day I'm asking if he has sent stuff off. He still hasn't. The tax and National Insurance are still sending bills and I have typed a letter for him to send to them to let them know the situation, he hasn't sent it. I've asked him to talk to the Offiacial Receiver to ask him to clarify the situation about the house as to be on the safe side I want to buy out his share. Last night he told me to stop nagging as it's his bankruptcy not mine but it affects us both. I am fed up of worrying. I love him loads and would support him to the hilt but am fed up of worrying. I feel he shhould take some responsibility but if I don't nag him , he won't. has anyone else been in this situation? Do you think I should just shut up and let him get on with it? What could happen to the house if I don't buy out his share and what will happen if he doesn't provide the Official Receivers with what they want? |
| 4 L A T E S T R E P L I E S (Newest First) |
| Skippy |
Posted - 31 October 2009 : 13:26:55
Your husband won't gain anything by being unco-operative, but he could cause himself a lot of problems - he could get a restriction order, or even his discharge suspended for failing to co-operate.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
28 IPA payments made, 8 to go - in single figures! |
| pjm |
Posted - 30 October 2009 : 20:25:59
Hi,it is best to be cooperative with the OR as it will help with a swift case, and he may even get early discharge. However being the other way with the OR will only cause the BR to drag on & if the OR feels that you have been uncooperative during the case they may even go to court & put an order for restrictions in future on your husband. |
| wellerchic |
Posted - 30 October 2009 : 12:12:59
Hi
Both My ex Husband and I went Bankrupt a Month after each other. This was Feb and March this year.
We separated in April and I do know how Money worries etc do cause a strain on a relationship.
Try to keep smiling, I know its hard but the sooner your Husband does cooperate with all involved the sooner all will be over.
G xxx
There is light at the end of the tunnel, I can actually see it !!!! |
| RHB |
Posted - 30 October 2009 : 12:03:28
The problem with not providing the OR with information could be thhat they may think the reason for this is that your husband has something to hide.
You are right, bankruptcy does affect you both. But I think men have traditionally been the providers & maybe he is finding it difficult that you are now in this role?
You will have time to buy the BI back so don't panic just yet. |
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