MY HUSBAND WENT BANKRUPT IN FEB09, THE HOUSE IS MORGAGED, HAS NEG EQUITY AND IS IN HIS NAME, I AM A FULL TIME STUDENT AND OWE APPROX £16000 IN UNSECURED DEBTS IN MY NAME WHICH I'M FINDING IMMPOSSIBLE TO PAY. COULD I GO BANKRUPT ALSO? WHAT IMPLICATIONS WOULD THIS HAVE ON OUR HOME?
If you could reduce your debts to £15k then a DRO (Debt Relief Order) would be much better than declaring BR. More information regarding DROs is available from the CAB.
Did your husband buy the beneficial interest back in the property? If so then everything would continue as normal and you would be able to keep the house provided you kept up the mortgage repayments.
MY HUSBAND WENT BANKRUPT IN FEB09
Posted - 06 July 2009 : 23:18:41
