I am currently considering bankruptcy after a few poor choices in life. My question : I have a personal loan for which my ex wife is the 2nd named person on the loan and the same with a bank account which is overdrawn(she hasnt used this account herself for a few years tho). Will she become liable for those 2 debts ?
If the loan was a joint loan and you declare BR then your ex-wife would be liable. The same would apply if your ex-wife was the guarantor of the loan.
This will be the same for the bank account if it is a joint account. She may be able to argue that she isn't liable for the bank account debt as she hasn't used it for a few years (and presumably you are divorced?) however I am not too sure if this is possible.
currently considering bankruptcy after a few poor choices
Posted - 20 June 2009 : 09:04:48
