Am I liable for joint depts now

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derek.r

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Post by derek.r » Sun May 06, 2007 7:11 pm
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MY WIFE WHO NO LONGER LIVES WITH ME HAS GONE BANKRUPT. AM I NOW LIABLE FOR ALL THE JOINT DEPTS.
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aguise

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Post by aguise » Sun May 06, 2007 7:35 pm
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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
Please visit my blog at http://aguise.blogs.iva.co.uk/
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scaredkez

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Post by scaredkez » Sun May 06, 2007 7:38 pm
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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/
Please view my blog at: http://scaredkez.blogs.iva.co.uk/
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MelanieGiles

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Post by MelanieGiles » Sun May 06, 2007 10:02 pm
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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
Regards, Melanie Giles, Insolvency Practitioner
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derek.r

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Post by derek.r » Mon May 07, 2007 11:07 am
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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
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