Hi I have recently separated from my husband he is keeping the house with a mortgage of £148000 house is worth £165000 and he has one credit card for £6700 mortgage payments of £890 per month and £100 on credit card. His annual income is £38000 he is saying he is going to go bankrupt as he can't afford the payments we are in the early stages of getting my name of the mortgage i am in a rented house he is saying if he goes bankrupt it will force me to go bankrupt and i will lose my rented house and will have to make the mortgage payments is this right ? We also have 2 children togeather so he is paying me £80 maintanence a week
What about the revolving credit - is that is his sole name or joint?
Are there any other joint debts?
You said you are renting a property - is this with a letting agent or the local council or a housing association?
It is not a certainty that you would lose your home so do not worry on that score - I have lots of ways for you to consider and for the council to assist you with potentially
Can I suggest that you post back a bit more detail and we shall see where we can go...
Hi Angela & welcome to The Forum. What an awful situation for you to be in. As Housing has said, post back some more details & The Experts will do what they can to assist.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!!
Will I be forced to go bankrupt ?
Posted - 04 March 2011 : 17:43:22
