Hi i am looking at going bankrupt as i cannot pay all my debts off however i live with my partner who ownes her own house, would me going bankrupt effect her and the house.
If you have no joint debts or financial associations then it will not affect your partner at all.
Ascend may you find no resistance Know that you made such a difference All you leave behind will live to the end The cycle of suffering goes on But memories of you stay strong Someday I too will fly and find you again
Hi Julie, Whilst your bankruptcy doesn't impact directly on your partner and their house, ultimately their income will be taken into account that they pay half of all your joint bills or there abouts.
This would come into effect if you're subject to an IPA or IPO.
Have you taken the first step to taking advice from your local CAB yet?
-------------- Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated. Professional advice should always be sought.
As well as the CAB you can also speak to one of the experts that post on here - the advice is free.
Ascend may you find no resistance Know that you made such a difference All you leave behind will live to the end The cycle of suffering goes on But memories of you stay strong Someday I too will fly and find you again
Hi i am looking at going bankrupt as i cannot pay all my debts
Posted - 28 June 2012 : 13:34:32
