bancrupt friend crippling me

WhiteHorse

Yes, you would normally be liable for the whole debt.

Could you simply rent the flat out? Check the lender will go with this though.

Could you renogotiate the mortgage? Perhaps get it signed over to you, but for an extended and more affordable term?

Oppose the bankruptcy application. if she's about to start working and will be reasonably well paid, then she will be able to pay. Bankruptcy applications made by those with funds (or the immediate prospect of funds), and which appear to be made with a view to simply evading liabilty for the consequences of their own actions are likely to be given short shrift.

There is also the possibility of dishonesty. She changed the account details? It is also possible that the lender themselves should not have allowed her to change the details like that.

debtinfo

WhiteHorse wrote: »

Oppose the bankruptcy application. if she's about to start working and will be reasonably well paid, then she will be able to pay. Bankruptcy applications made by those with funds (or the immediate prospect of funds), and which appear to be made with a view to simply evading liabilty for the consequences of their own actions are likely to be given short shrift.

I doubt it, The only rule for a bankruptcy being granted is that the person cannot pay a debt as it falls due. If the person has defaulted, then the whole amount becomes due and so even if a better job is obtained it is unlikely that the person could pay the full due amount and so could go bankrupt.

I have never seen a debtors petition successfully opposed (although a few rare cases have been annulled later by a creditor), particularly by someone who is not even a creditor

peachyprice

WhiteHorse wrote: »

Oppose the bankruptcy application. if she's about to start working and will be reasonably well paid, then she will be able to pay. Bankruptcy applications made by those with funds (or the immediate prospect of funds), and which appear to be made with a view to simply evading liabilty for the consequences of their own actions are likely to be given short shrift.

She's not a creditor, she can't oppose the bankruptcy.

philnicandamy

sarahjane88 wrote: »

Fermi... nursing is the same as the raf/army/professional jobs where they don't take anyone who has been bankrupt because you are considered to be in a compromising position. I just don't know if that also includes trust deeds although I expect it does.

Macman... not 100% what you mean. The flat is empty the now, it has no tenants. I moved out first because my hours got cut and I moved in with my bf. My friend/joint owner moved out sometime after.

Sunnylooloo... I would if I could but it is very unsuitable in many respects. Far too far away from my bf's work, unsuitable for a pram as it is an attic flat and not a reputable area for a family. Be ok for a couple or young friends like were at the time we bought it or something.

bat-out-of-hell wrote: »

I have helped one raf, and a dozen police officers through BR, and a good BR friend of mine has just got a nurseing job..........

Where are you getting your info from?

Hmm one thing i'd love to know as well.....current CAB bits and bobs i've been trained with say otherwise sarah..where ever this information is from is wrong wrong wrong :mad:

bat-out-of-hell

Seems whitehorses have a thing about speeding and wanting to get away with it, yet hate the DFW and BR board

Annisele

Not sure whether to reply here on on the other thread...this one seems to have more responses, so probably neatest to go here.

I said on the other thread that the Nursing and Midwifery Council seems to think that bankruptcy wouldn't be a problem (in the absence of criminal proceedings). The OP asked over there:

sarahjane88 wrote: »

Only thing is it means I can still register, but would I get hired?

Bat out of hell's friend's new job would suggest that it is possible to get a job as a nurse while bankrupt. Whether the OP would get a job is another matter, but I'd be surprised if the bankruptcy made much of an impact on that decision. If she goes BR soon then she'll be discharged by the time she qualifies anyway.

The question macman asked has nothing to do with whether tenants are in the property or not - it's to do with how the property is owned. Basically joint tenants = both people jointly own the whole of the house; tenants in common = each person owns a share of the house - can be split 50/50 or some other way.

WhiteHorse

bat-out-of-hell wrote: »

Seems whitehorses have a thing about speeding and wanting to get away with it, yet hate the DFW and BR board

Neeeeeigh !

bat-out-of-hell

WhiteHorse wrote: »

Neeeeeigh !

Woooof:p This could get silly:rotfl:

Loopy1

I work in the NHS and there is nothing in my contract about bankruptcy. Admitedly I am admin but I also see nursing contracts and I could check on Tuesday but Im 99% certain there is nothing in there about bankruptcy

Molly41

sarahjane88 wrote: »

Fermi... nursing is the same as the raf/army/professional jobs where they don't take anyone who has been bankrupt because you are considered to be in a compromising position. I just don't know if that also includes trust deeds although I expect it does.

Macman... not 100% what you mean. The flat is empty the now, it has no tenants. I moved out first because my hours got cut and I moved in with my bf. My friend/joint owner moved out sometime after.

Sunnylooloo... I would if I could but it is very unsuitable in many respects. Far too far away from my bf's work, unsuitable for a pram as it is an attic flat and not a reputable area for a family. Be ok for a couple or young friends like were at the time we bought it or something.

Where have you got that information from? Try the NMC website. They do an enhanced CRB check but that doesn't include bankruptcy.

http://www.nmc-uk.org/Nurses-and-midwives/Advice-by-topic/A/Advice/Bankruptcy/