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 bankruptcy postbag for august
 B/R joint account overdraft		  New Topic  Reply to Topic
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vacs
Junior Member

234 Posts
Posted - 12 August 2008 :  18:07:35  Show Profile  Reply with Quote
Hi again,
Just a thought can anyone explain to me what happens in B/R to a joint account when i have an overdraft limit of £3000 and gone over it by £600 do I need to pay or can I include it in my B/R.
cheers

sarah.m
Junior Member

214 Posts
Posted - 12 August 2008 :  18:12:59  Show Profile  Reply with Quote
if im correct and you have disclosed it to your OR then it should be included if you have both gone bankrupt
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vacs
Junior Member

234 Posts
Posted - 12 August 2008 :  18:15:03  Show Profile  Reply with Quote
Sorry never explained only me going B/R OH is not
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sarah.m
Junior Member

214 Posts
Posted - 12 August 2008 :  18:26:20  Show Profile  Reply with Quote
i think the debt on your joint account is passed to your other half,and they are liable to pay it.
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vacs
Junior Member

234 Posts
Posted - 12 August 2008 :  18:39:45  Show Profile  Reply with Quote
Even if they where used to pay my creditors
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vacs
Junior Member

234 Posts
Posted - 12 August 2008 :  18:58:37  Show Profile  Reply with Quote
shouldnt the joint account be split 50/50 for the B/R
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BankruptC
Senior Member



1030 Posts
Posted - 12 August 2008 :  19:09:54  Show Profile  Reply with Quote
Hi vacs,

I think sarah is right here and that if only you go BR, your other half would be liable for all the overdraft debt, regardless of what it was spent on. It would only be included in the BR if both of you were to go BR.

CG. x
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John
New Member



United Kingdom
73 Posts
Posted - 12 August 2008 :  20:10:13  Show Profile  Reply with Quote
Hi vacs
ians / CG is correct here.
A joint account is joint & several liability so if you are BR all of the overdraft becomes your OH liability.

www.Bankruptcyhelp.org.uk
0800 078 9367
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vacs
Junior Member

234 Posts
Posted - 12 August 2008 :  21:41:12  Show Profile  Reply with Quote
Everything seems so hard my marriage was ok now its not this B/R lark is ruining my life. MY husband now wants to file fOr fraud as he has changed his mind again and said he will tell the coUrt I decived him for the money what do i do now? I am so sad why and when will i feel happy and relieved again
Edited by - vacs on 12 August 2008 21:42:48
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