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 Hello all, Just a bit of advice please:
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SoWhatNow
Junior Member

175 Posts

Posted - 07 March 2011 :  11:15:55  Show Profile  Reply with Quote
Hello all,

Just a bit of advice please: I have been seperated from my wife for two years now, however we have not begun divorce proceedings, and its not on the cards at this point, although there is no reconciliation. She will also be going BR shortly. Will this pose any problems for my BR.

Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 07 March 2011 :  12:43:52  Show Profile  Reply with Quote
not really unless

joint debts

or

divorce settlement

Richard
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powerland07
Starting Member



7 Posts

Posted - 07 March 2011 :  13:16:46  Show Profile  Reply with Quote
Hi Richard; one of the debts is joint; our home was voluntarily repossessed last year. How will this affect the situation?
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Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 07 March 2011 :  14:49:35  Show Profile  Reply with Quote
as home has been repossessed the outstanding money is now an unsecure debt

shortly after you or your partner petitions for BR the full amount of joint debt passes to other, the banks take about 3 months to chase other partner.

if you are still on talking terms best to coordinate your BR times may make it a little bit easier for both.

Richard
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powerland07
Starting Member



7 Posts

Posted - 07 March 2011 :  16:24:10  Show Profile  Reply with Quote
Thanks for claifying that for me, its what I suspected. I think she is petitioning around the same time so this shouldnt be an issue.

Thanks again, to all contributers and experts; an amazing site that has made a very difficult period of my life much easier.
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