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Posted: Sun May 06, 2007 7:11 pm
by derek.r
MY WIFE WHO NO LONGER LIVES WITH ME HAS GONE BANKRUPT. AM I NOW LIABLE FOR ALL THE JOINT DEPTS.
Posted: Sun May 06, 2007 7:35 pm
by aguise
Hi Derek welcome
Unfortunately yes is the only answer to give. Any thing that is joint with your name on the creditors can ask you for.
Ang
Posted: Sun May 06, 2007 7:38 pm
by scaredkez
thats true derek, with joint debts the creditors can now persue for payment.
kerri
Please view my blog at:
http://scaredkez.blogs.iva.co.uk/
Posted: Sun May 06, 2007 10:02 pm
by MelanieGiles
Hi Derek
The other posters are quite correct as you are jointly and severally liable for those debts which means that both you and your wife owe all of the money due to the creditors. Does your wife have any assets which would result in a distribution to the creditors from her estate?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk
Posted: Mon May 07, 2007 11:07 am
by derek.r
MelanieGiles wrote:
Hi Derek
The other posters are quite correct as you are jointly and severally liable for those debts which means that both you and your wife owe all of the money due to the creditors. Does your wife have any assets which would result in a distribution to the creditors from her estate?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk