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 My husband and I have joint debts. Do we have to pay 700 each ?		  New Topic  Reply to Topic
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Susan.48
Starting Member



1 Posts
Posted - 27 May 2012 :  18:24:57  Show Profile  Visit Susan.48's Homepage  Reply with Quote
I have joint debts with my husband. do we both have to pay 700 each and declare at the same time? , If he declares on his own do I then become liable solely for the debts?

Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 27 May 2012 :  19:32:25  Show Profile  Reply with Quote
Hi Susan,

Yes, if one of you declared bankruptcy, then the other is liable solely for the joint debts.

If you both want to declare bankruptcy then you need to file seperately and it will cost £700 each.

Have you taken advice to see if bankruptcy is your best option? I suggest you speak to an expert on here or visit the CAB for advice if you haven't.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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debtinfo
forum expert



2826 Posts
Posted - 28 May 2012 :  06:34:47  Show Profile  Reply with Quote
The only exception would be if you had been running a partnership business together
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