who & what can be included in a bankrupt petition

skylight

helpmepleasequick wrote: »

Thanks a lot feel a little better been up again from 4.30 this morning spinning things around in my head
so the ppl that i owe £18k to will they make me br????
also what about the static that is in joint names on the finance but i signed over-he cant get credit in his sole name so cant change finance on that will that matter ??????
iam sure i will think of things i aint asked so please keep in touch ppl
THANKS

No-one will make you BR. Creditrs don't; they dont get any money back. Council Tax, HMRC and Amex are the only ones that do.

Do you mean static caravan?? Yes the OR will want to know about it. Its not as simple as transferring it into your OHs name the OR may still view this as 50% yours; depending on when you transferred it, how much its worth or how much equity is left in it and how its owned (outright with a loan, or a Hire Purchase type agreement). As so the finance, your liability to the debt will go into your BR estate so the finance company will chase your OH for the full amount. But; this all depends on what the finance agreements says about bankruptcy if its a HP type agreement as HP agreements tend not to let you keep things on HP; but this is joint so confuses that point too!

skylight

sieve wrote: »

Bl**** H***!!!!!! :rotfl:

Yeah, but you did get the bit about the Q&A first!!!!

philnicandamy

I agree with what they said..:D:p:rotfl::rotfl:

helpmepleasequick

the static is on hire purchase i transfered it in may 09 as there was missed payments and site fees which i couldnt put my half to he basically has it and rents it to his brother he's probably better off selling to him but not sure if he can get finance
he has asked to sell to the site and they wont give him enough to pay off the debt still owed i think there is still £10k+ to pay on the finance it ends in may 2012 so a while to go and they offered him £8k