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 joint account overdraft
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Sharon53
Junior Member

194 Posts

Posted - 10 December 2008 :  18:46:57  Show Profile  Reply with Quote
Can anyone tell me what happens about the over draft on a frozen joint account when only one partner is going BR?

movin on
Average Member

United Kingdom
946 Posts

Posted - 10 December 2008 :  20:27:26  Show Profile  Reply with Quote
Hi Sharon

As far as im aware it will now be the responsibility of the non-bankrupt partner - joint and several liability - will be for the full amount too, not just half as many people think.

I dont know if its what you wanted to hear or not, but good luck

Jenny

xx

Onwards and Upwards is the way im going :-0)

xx
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Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 10 December 2008 :  21:04:35  Show Profile  Reply with Quote
Great advice as usual MW.



Jo
x

18 Weeks down


34 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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