e to use my savings

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Post by tracy.11 » Wed Jul 14, 2010 2:23 pm
My husband has amassed @£11000 worth of debts of which I have only just found, will I have to use my savings to pay off his debts?

Michael Peoples

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Post by Michael Peoples » Wed Jul 14, 2010 2:26 pm
Hi Tracy and welcome to the Forum.
If he ran the debts up for family reasons and you managed to save at the same time you may have a moral responsibility but no legal one. However, if he gambled or drank the money for example you have no reason to use your own money to pay his debts. It would only leave him capable of doing it again.

It may be better to seek some free advice and if you are to help him this would damage his credit file and make it very difficult for him to run up more credit.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com


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Post by plasticdaft » Wed Jul 14, 2010 2:40 pm
Are the debts in his name alone? I only ask as sometimes partners end up tied in to joint debts they know nothing about.

Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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