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rocksteadygt4
Starting Member



1 Posts
Posted - 09 February 2009 :  11:07:46  Show Profile  Visit rocksteadygt4's Homepage  Reply with Quote
I am thinking of declaring bankruptcy i have a loan debt of approx £30 thousand this was gaurentored by my then wife,we are now divorced will my ex wife have to meet any payments ?

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 09 February 2009 :  11:11:58  Show Profile  Reply with Quote
Hi,

Not 100% sure if this would be classed as the same as a joint loan. If so, then she will liable for the whole of the debt.

I'm sure one of the professional experts will be along with a definitive answer soon.

The glimmer gets brighter all the time
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Melanie.n
forum expert



United Kingdom
1282 Posts
Posted - 09 February 2009 :  11:15:31  Show Profile  Reply with Quote
If your ex-wife was guarantor for the loan you you file for bankruptcy the loan company will expect your ex wife to meet the contractural payments under the loan

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
01446 711780
melanienicholas@jonesgiles.co.uk
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