HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 i am thinking of goin br soon
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

daz2oo7
Starting Member



1 Posts

Posted - 22 January 2009 :  13:08:41  Show Profile  Visit daz2oo7's Homepage  Reply with Quote
i am thinking of goin br soon as i owe over 22000 and am currently out of work and living in a privet rented house with my partner and 2 kids my partner works 16 hours per week and gats tax credits aswell. we are currently paying our debt of a low rates ie a few pound aweek but now it coming to the stage where we carnt afford em my question is i am the one goin bankrupt but we have a car with welcome finance been paying full monthly amount since aug 2007 but when we got the car we got it in both our names so would i be able to include that in my br as i think we would be better of without the car

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 22 January 2009 :  13:16:45  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Daz2oo7 and welcome to the forum.

HP is classified as secured lending which is exempt from BR. It would be down to Welcome Finance whether they wish to keep the contract going.

If the finance is in both names, under joint and several liability, if one of you goes BR, then the other is liable for 100% of the debt.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06