Could you please tell me if I declare bankruptcy and I have a joint bank account with my wife with an overdraft of £5 will my wife be liable for the full £5k or will it be 50/50 and she will only be held liable for £2,500. thank you
Unfortunately your wife will be held responsible for the overdraft as you are jointly and seperately liable for any joint debts.
The world is broken, halos fail to glisten We try to make a difference but no one wants to listen Hail the preachers, fake and proud Their doctrines will be cloud Then they'll dissipate like snowflakes in an ocean
Could you please tell me if I declare bankruptcy and I have a joint bank account with my wife with an overdraft of £5 will my wife be liable for the full £5k or will it be 50/50 and she will only be held liable for £2,500. thank you
Unfortunately your wife will be held responsible for the overdraft as you are jointly and seperately liable for any joint debts.
Many thanks for your help
The world is broken, halos fail to glisten We try to make a difference but no one wants to listen Hail the preachers, fake and proud Their doctrines will be cloud Then they'll dissipate like snowflakes in an ocean
If I go bankrupt will my wife be liable for overdraft ?
Posted - 01 June 2011 : 21:18:11
