Can I go BR while my OH stays on DMP?

nurey006

Apologies if this has been asked before and for the ramble.
My husband & I are in a DMP with Stepchange, which for different reasons is not going to clear our debt for 24 years:o. Our household income has more than halved in the last 2 years & is unlikely to improve in the near future!
My husband works in financial services so BR is not an option for him if he wants to retain his job.
The repayment mortgage is in his name & there is little if any equity in the property.
He has an old endowment policy, in his name, used as a savings tool more than anything.
My question is can I go BR and allow him to remain on the DMP for his portion of debt?
More than half the debts are CC's in my name.
Thanks for looking, hopefully I can get some suggestions of a way forward.

sniggings

You can go BR for debts not in his name, any in both names will pass to him to pay.

The DMP will have to be looked at again, a new agreement will have to be sought, if your going BR affects any debts in the DMP.

Even if a new DMP can not be agreed, you going BR may take enough pressure of him to be able to afford the payments for those debts?

PippaGirl_2

Even if you are not on the mortgage, if you have been living there and paying towards it's upkeep either towards the mortgage or any bills regularly there, then you will have gained a beneficial interest in it. The OR will want to ascertain how much BI you have in the property and will then place a claim for it from any equity. This could be bought out by someone else. Something to bear in mind when deciding.
Otherwise yes, nothing to stop just you going BR and him continuing with a DMP.