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miss spooky
Junior Member

United Kingdom
170 Posts

Posted - 31 July 2008 :  13:36:00  Show Profile  Reply with Quote
Hi,

Living with my partner who works earning 14kpa. I'm on benefits looking after two children - one with a disibility. We are currently living in sheltered accommodation. I have approx 8k worth of debts in my name inc a car hp which expires in 6 mths, and a car Hp in joint. Total approx 30k inc his debts (inc CSA 6995K). One of my creditors has sent me a statutory demend for bankrupcy. I am currently waiting for CAB appt, have rung to case up, but heard nothing yet. Also got rent arrears so need help asap.

If I go ahead with br, what impact will it have on my partner and our joint liabilities?

Am pulling my hair out cos I can't cope with anymore of this.

Only assets are two cars on Hp, no house or savings etc.

Would greatfully welcome any advice as I don't know what to do?



Suzanne
Average Member



United Kingdom
869 Posts

Posted - 31 July 2008 :  13:52:55  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi Miss Spooky and welcome to the forum

If there is equity in the cars the official receiver will look at how much and whether the value is low enough to exempt the vehicle.

The joint car HP will automatically fall to your partner, as you cannot pay so they will expect him to.

All joint liabilities will fall to the solvent partner. CSA debts cannot be included in a bankruptcy, but rent arrears can.

If you both go bankrupt the CSA debt would remain due.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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