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 hi im married considering bankruptcy
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Starting Member

12 Posts

Posted - 08 May 2009 :  20:55:39  Show Profile  Visit jo07's Homepage  Reply with Quote
hi im married considering bankruptcy.have about 37000 in credit cards and on a dmp but interest is still going on so just had enough.the thing is all the cards were taken out by me and the wife is second card holder.if im declared br would they go after the wife for the debt.thanks for any replies

forum expert

2418 Posts

Posted - 09 May 2009 :  10:01:22  Show Profile  Reply with Quote

I think that if there is a joint loan/CC and one person declares BR then the other person is liable for the outstanding amount but I will let one of the experts confirm this.

You should also speak to the CAB, CCCS or National Debtline who would be able to confirm the situation.
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New Member

United Kingdom
73 Posts

Posted - 09 May 2009 :  12:21:59  Show Profile  Reply with Quote

if your wife has not cosigned any of the original agreement documentation and is definately only a named 2nd card holder on YOUR accounts then she is not liable for these debts should you declare bankruptcy.

John White
England Jackman & Spacey
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Junior Member

272 Posts

Posted - 09 May 2009 :  17:37:17  Show Profile  Reply with Quote
hi what about if i have a car loan would i be able to get car finance transferred to wife or is this not allowed
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Junior Member

272 Posts

Posted - 10 May 2009 :  14:01:01  Show Profile  Reply with Quote
hi is there anyone who has paid a pound a month on credit card repayments or is it ok to do this and how long can you keep paying just a pound a month thanks
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Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 10 May 2009 :  14:25:29  Show Profile  Reply with Quote
theoretically you could get the finance transfered to your other half BUT

1. The finance company need to be in agreement
2. your other half would need to pay the monthly payments
3. you would need to satisfy the official receiver that the car had no equity or certainly less than £2000

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK

Real People ..... Real Debt Solutions
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