If your husband goes bankcrupt whilst you are still married and puts in his bankruptcy a joint loan, would you still be liable to pay any of it back? We have since divorced and I have now remarried but am being chased for the outstanding debt
You are both jointly liable for the full amount so if you cannot make the contractual payments you should approach the creditor and come to some arrangement with them.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
If your husband goes bankcrupt whilst you are still married and puts in his bankruptcy a joint loan, would you still be liable to pay any of it back? We have since divorced and I have now remarried but am being chased for the outstanding debt
This debt has ben passed to 2 debt colleciton agencies and now the third one is charging extortionate interest payments. I have asked them to freeze the payments but this isn't an unsecured loan so why can't they do this?? This debt has now tripled, which basically means I will never be able to pay this off in my lifetime. Would I have the right ot reduce the payment on this? To what I can afford?
quote:Originally posted by Karen.81
quote:Originally posted by Karen.81
If your husband goes bankcrupt whilst you are still married and puts in his bankruptcy a joint loan, would you still be liable to pay any of it back? We have since divorced and I have now remarried but am being chased for the outstanding debt
It doesn't matter whether it is secured or unsecured, you are liable for the debt and it is up to the company whether or not they freeze interest and charges.
Speak to them about it and tell them what you can afford to pay and set up a repayment plan.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
Being chased for outstanding loan
Posted - 22 August 2011 : 23:15:35
