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 Will my partner be affected if I go bankrupt?

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T O P I C    R E V I E W
Karend7111 Posted - 21 September 2014 : 18:46:31
Will my partner be affected if I go bankrupt? We live together but have no joint finances.
4   L A T E S T    R E P L I E S    (Newest First)
Viki.W Posted - 22 September 2014 : 09:45:42
Hi Karen, is there any equity in your home? Is it jointly owned with your partner?

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Niobe Posted - 21 September 2014 : 20:03:36
I'm not sure what would happen with that - it would be down to the OR to sort out.

If you don't mind me asking, what are your total debts? It may be that a different solution might be better? Are you working?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


Karend7111 Posted - 21 September 2014 : 20:00:02
Brilliant, thank you very much for your response.
I'm in a shared-ownership house - I own it 50/50 with a housing association. It's the biggest mistake I've ever made to be honest!


Niobe Posted - 21 September 2014 : 19:49:46
Hi and welcome to the forum.

If you have no joint finances then your partner won't be affected, neither will your address.

Do you own the house or is it rented?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant



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