I am considering declaring myself bankrupt, not through personal debts but partnership debts (I am a salaried partner). Even though I have not caused the debts I am joint and severely liable. My daughter (aged 3) has a bank account which I opened for her, so effectively my name is on the account but it is in her name. Will I need to disclose to the OR or can my husband change his name onto the account ?
It can seem a daunting process but by taking this step you will remove a huge burden from your shoulders.
You will need to set out this account on your statement of affairs and the OR will write to the bank and advise them of the bankruptcy. It will the banks choice as to whether to close the account or not. You can save all that worry by putting your husband on instead of you and then there will be no need to declare this account
I am considering declaring myself bankrupt,
Posted - 13 January 2010 : 09:58:02
