Going BR, xpartner still on lease and loan agrmnts. Will they chase him?

suzybabyuk

In pre BR mode at mo, my X left me some 4yrs ago, I get on fine with him. He is named on both a loan agreement and my current business lease, when I go BR, will they ask me where he is and will I be in trouble for not giving them his contact no.? He has no money or assets and would much rather he wasn't involved. How will he stand when I'm BR, will the creditors still hold him as liable?

regards

peachyprice

If the loan agreement and business lease are going into your BR then they will want to know where he is, and he will, most likely be responsible for the amounts outstanding, certianly on the loan agreement if it was a joint loan.

suzybabyuk

I don't know exactly where he is, I only have his mobile number, he lives as a lodger somewhere about 20miles away, can they trace him? If they can't, will it affect my BR if the debt can't be cleared because of his involvement?

suzybabyuk

Oh, sorry, thank you Pprice

maxmycardagain

warn your ex. give OR the details, once youve dont that uts the OR's problem

peachyprice

It won't effect your BR, it just means they will chase him for the next 6 years, if they can find him!

suzybabyuk

peachyprice wrote: »

It won't effect your BR, it just means they will chase him for the next 6 years, if they can find him!

Oh dear, he's not going to be happy about that! That may well !!!!!! up my chances of going back on the road singing with him again! Well if I'm mean, I could say it's his comeuppance for leaving me with all the cr*p in the first place

S'pose I'll have to have an uncomfortable chat with him then, he's coming around today to pick up a mixing desk, eeyuck! _pale_
Perhaps I'll save it 'till Monday, don't want to ruin his weekend, really hate it when people give you bad news on a Friday.

maxmycardagain

fridays best for bad news, the pubs are open till monday morning

suzybabyuk

maxmycardagain wrote: »

fridays best for bad news, the pubs are open till monday morning

Sorry I've had to giggle I run a pub and that's why I'm going BR :beer:

I have to try and pep people up when all I want to do is join in!

Cheers

stroppy

Hi there,
My Hubby is a fellow BR of the pub industry He went BR in September,luckily everything was in his name although we did run the pubs together.

Any questions to do with it feel free to ask me..... I think im getting a little more knowledgeable about stuff now

Stroppy x

suzybabyuk

Hi Stroppy and thanks, it's such a terrible trade to be in! Will I be aloud to DRINK all the stock just before declaring BR and get away with it