I want to file for bankruptcy and I intend to get married within a couple of years will my wife be liable for my debts and how will my bankruptcy affect her credit rating? Will we be able to get a joint mortgage?
If you file for bankruptcy - the bankruptcy will affect / deal with only you - the debts in your sole name and any debts which are held in joint names.
(In the case of any joint held debt the 'other' party is liable also for the debt as your bankruptcy order does not negate any 'joint liability')
If your partner does not hold any joint debt with you, she will not be affected in any way by the bankruptcy nor importnatly your sole debts
Your bankruptcy will be held on your credit file for 7 years, this will affect your ability to apply for further credit such as a mortgage
Melanie Nicholas CertDR 30 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
I want to file for bankruptcy
Posted - 02 January 2012 : 21:39:03
