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 I have a joint loan with an ex-partner
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ria20
Starting Member



1 Posts

Posted - 10 October 2008 :  20:58:47  Show Profile  Visit ria20's Homepage  Reply with Quote
I have a joint loan with an ex-partner, what will i have to do about it if i go bankrupt?

Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 10 October 2008 :  21:08:59  Show Profile  Reply with Quote
Hi Ria and welcome

If you go BR and the loan is joint then your ex will be liable for the debt.
That means that the company that the loan was done through could then chase your ex for the balance.

Does that make sense.

Hope i helped a bit.


Jo x
Your Mother Hen :-)

Please visit my blog for info on how I got here and other information to guide you through from my experience called:

"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/

Edited by - Needafriend on 10 October 2008 21:09:51
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