If I go bankrupt, what effect will this have on my wife? Will she be allowed to keep her car (£7K value and registered in her name)? Does the OR have access to her bank account, or will want to see statements? Can she keep her credit cards (all zero balance)?
Im certainly no expert, however i went BR (myself) yesterday.
You may be able to fnancially disassociate your self through the credit reference agencies (john, one of the experts here suggested i do this), so basically you will each have your own credit file and nothing will be linked.
My hubby has got a car in his name and although i had to declare it (because i use it) it will not affect him as he is not responsible for my debts.
As far as im aware they will only have access to your accounts.
Do you have anything in joint names? if so it will be worth posting here to let the experrts advise you further.
Again, my hubby is keeping his credit cards and they have outstanding credit on them.
Hope this helps a little
Jenny
The weights are coming off my shoulders very slowly, but making such a big diference !!
what effect will this have on my wife?
Posted - 14 October 2008 : 09:30:55
