Closing joint account before bankruptcy and effect on partner

sillymee

Hi,

I am about to go bankrupt and have two joint accounts with my partner which I need to close. One has a zero balance and the other has an overdraft of about £600. I have spent all the money and it's nothing really to do with my partner so I would prefer to get his name taken off the account and include it in the bankruptcy however I am concernered this may affect him. Alternatively I could bget my name removed from the account, but of course I would then 'owe' him £600 which I will struggle to pay back at a later date - but if the other option would affect him this will have to be the course of action. Any advice would be greatly appreciated. I belive he has to write to the credit reference agency to disassociate himself? Although we live together and have a (six week old) baby, we are not married.

Thanksin advance

Sillymee

maxmycardagain

I doubt the bank will remove your OH from an overdrawn account, and if its close to going BR then you will find he will fall liable for the £600

good job its not £6000 int it!

sillymee

I think he would have killed me if it was £6,000. Will have to beg steal or borrow to find that as well as the bankruptcy fee!

maxmycardagain

try £60,000 then... i did... :rolleyes::rolleyes::rolleyes::rolleyes:

sillymee

:-( Do you know if they remove me (and hence will get the money back sometime in the future) if this wil have any effect on him, other than owing the £600?

philnicandamy

As MAX said They'll remove nobody from a joint while the account is in the red......the banks would go for the cash to the person then NOT going bankrupt

maxmycardagain

philnicandamy wrote: »

They'll remove nobody from a joint while the account is in the red......the banks would go for the cash to the person then NOT going bankrupt

didnt i just say that, didnt i? huh? well, didnt i?.....

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

shirley8888

Yep, thats true. My hard working, honest, trustworthy, tax paying, no debt boyfriend has just inherited £60k debt from his !!!!!, bankrupt, fraudulent loaning ex-wife!!

philnicandamy

maxmycardagain wrote: »

didnt i just say that, didnt i? huh? well, didnt i?.....

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

true....but thought i'd repeat your excellent advice :p:p:p

maxmycardagain

shirley8888 wrote: »

Yep, thats true. My hard working, honest, trustworthy, tax paying, no debt boyfriend has just inherited £60k debt from his !!!!!, bankrupt, fraudulent loaning ex-wife!!

tis better to give than receive...