Me and my new husband are currently under a financial management plan but i have just found out i'm being made redundant. No way can we pay our weekly outgoings, plus the plan, plus £600 monthly to bailiffs. My husband is self employed and all our accounts are in joint names. If i remove my name from the joint accounts and only i go bancrupt (no assets and housing association home) will his bank account be affected if we stick with the financial management plan for only his debts?
Yes, because you are jointly liable for any debt on the account(s). Otherwise just ask the bank. They can only say no. If they do, have your husband open up new accounts in his name only and close your joint accounts (in that order).
If you have no assets and live in rented property bankruptcy could be a good option for you - £600 a month to bailiffs sounds very painful.
If I remove my name from joint accounts and go bankrupt how will husband be affected ?
Posted - 26 March 2012 : 11:29:14
