bankruptcyhelp.org.uk Forum - Partner gone BR with joint loan ?

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Partner gone BR with joint loan ?

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Emily.ce
Starting Member

1 Posts

Posted - 03 March 2011 : 18:27:12

If my x partner has gone bankrumpt and put the joint loan that we are both named on in it. Were dose that leave me ?

RHB
Senior Member

1159 Posts

Posted - 03 March 2011 : 18:28:26

Liable for the full outstanding amount

Niobe
Administrator

United Kingdom
4590 Posts

Posted - 03 March 2011 : 18:54:16

Hi and welcome.

You are jointly and severally liable for any joint loans so you will be chased by the creditor and will either have to make full contractual payments or come to some sort of arrangment with them.

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx

Housing
Senior Member

United Kingdom
1399 Posts

Posted - 03 March 2011 : 19:17:24

hi

The creditor will pursue the joint borrower, once they have realised - it will not therefore be lost to the bankruptcy

Good luck Richard

"There are no problems - only solutions"

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