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OH-debt
Starting Member
United Kingdom
2 Posts |
 Posted - 05 December 2008 : 15:15:51
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Hi, to everyone.
As the subject line says I need a bit of advice.
Total debts
Me: £39000 with 8 creditors
Her: £26000 with 9 creditors
Joint: £1000 with 1 creditor
I'm starting to go through the process of spliting up with my wife.
She hasn't been working for a long time and I have been supporting her.(housewife)
If she is declared BR do I become liable for any of her debts? Except for the joint one that is, I can already see that they will just come after me, as I am the one earning!
Does it affect anything if she is made BR before/ after divorce?
I'm confident that I will be able to come to an arrangement with my creditors and eventually pay them off through a debt management plan.
I'm not keen to go bankrupt myself. But if there is no other option.
No house involved. Assets nothing of any real value. car £1000 tops. then all the normal household stuff. Newest thing is probably the tv which was bought 1yr ago.
Any advice would be greatly received.
Many thanks in advance.
OHD |
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hammy0107
Junior Member
399 Posts |
Posted - 05 December 2008 : 15:39:45
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Hi,
If your wifes debts are unsecured and solely in her name then they will fall into her BR, her creditors cannot chase you for your wifes debt. The joint debt will most likely end up with you i'm afraid. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 December 2008 : 16:45:19
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Hi and welcome
I agree with Hammy, anything with your name on you will be liable for anything in her name will be included in her BR and you wont be chased for.
I hope that everything works out for you :-)
Jo
x
17 Weeks down 
35 to go 
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
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OH-debt
Starting Member
United Kingdom
2 Posts |
Posted - 05 December 2008 : 20:41:44
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Jo & hammy
I think I already knew what you've said, I just needed it confirming.
Thanks again
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 05 December 2008 : 20:57:33
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Hey OH-Debt
U know if you have anymore questions then you know the place to post them, we will help you where we can.
Take care
Jo
x
17 Weeks down
35 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
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Need a bit of advice
