Help please bit long winded

dipsy

Hi have posted on another board and was suggested I post here instead as more appropriate here so here goes:

Hi

not sure where to start, my ex husband and his girlfriend are splitting up, she is packing up the house of her belongings as we speak, they have been up and down for a few months now - have posted here before here about this, but it all seemed to settle down.

Anyway, she rang me earlier and was asking for some advice, basically I said just take your stuff today and see how you feel in a few days time - as she was talking about taking his new tv and other bits as she felt she was owed.

she said she would just take her stuff and then see how she felt, she has just texted me to say

"I've left him with no toothpaste, no soap, no razor blades, no spare toothbrush. Also cleaned the toilet with his b4 I have left. Ive taken the tv have told him I have. Last journey for today cos I'm K******ed oh and also taken all the wash powder and softner and washing up liquid"

She also informed prior to this text that he is going to declare himself bankrupt as he has lots of debt and has asked me not to let on I know.

Her name is on the mortgage and she states there is zero equity in the house, she wants to take her name off the mortgage...

as much of an twit that he can be, I really feel for him, going home to an empty house on a friday night no tv, a toothbrush that has toilet water all over it and nothing to wash his dishes/clean his clothes with and no money.

questions

Im concerned that if he goes bankrupt he will lose the house which is the childrens part time home (someone seems to think that they wont include this if there is no equity in it and he owes the mortgage lender as much as it is worth)

Does anyone know?

Will she be allowed to take her name of the mortgage if there is no equity in it, im thinking Loan To Value here?

Just spoken with my partner and apparently my son was talking with him last night when he came back from his dads, (I was out with my daughter as she didn't want to go over to her dads), and he was saying that his dad has taken on a loan to cover his and her previous debts and the loan is in his name. Is there anyway he can have her made responsible for some of the debt, i.e if he can prove that the monies went from his account to her loan account?

I am gutted to find out that my 14 year old (almost 15) son has been involved in such a conversation - he should not have to concern himself with such things in my opinion.

I have no feelings for my ex either way, but I am very upset at the thought of it getting so messy and the effect it might have on the children.

I will be the first to admit to being highly strung, but I would never do anything to hurt anyone or leave them in a mess if I could avoid it.

obviously I don't know all the ins and outs of it all, having only heard her side.

I have a good relationship with my ex in that we speak and chat easily when he is picking up kids etc, I know he is a bit rubbish and not very practical when it comes to money.

so I need some advice in respect of this banktruptcy he is considering,

would he lose his home
would he lose his car
would he still have to pay any of the debt

would he better to consider an IVA and if so

would he then keep his home/car?

I know with either option his credit will be shot, but I really just want him to be ok for the sake of the children.

hope this makes sense, and excuse me for rambling on

RAS

Hi

Too many inponderables really, for which we do not have the accurate information. The most important thing is that he speaks to one of the debt charities listed here http://www.moneysavingexpert.com/loans/debt-help-plan#help rather than working with a fee charging company.

He might or moght not be able to keep the house, - may or may not want to keep it.

As for the loan it depends very much on their legal relationsship and what they agreed.