Discharged bankrupt effect on new partner

hButterflyH

Hi, I am now discharged from bankruptcy as of last week.

1) I am planning on moving in to a new house with my new partner. He owns the house and I will be living there with him. What steps can we take to prevent there being any negative affect on his credit rating through me living with him.

2) I am planning on handing back my house to the bank (It is in negative equity in joint names with my ex husband) when I move in with my new partner. I understand that it will be included as part of the bankruptcy as it was a pre bankruptcy debt. I am also aware that I should not sign anything from the mortgage company once I have handed back the keys. Do I just need to contact the official receiver to tell them what I plan to do? Am I under any obligation to tell them or the lender my new address? Will have this have any effect on my new house or partner?

Is there any other advice that can be offered? Things I may not have though of?

I realise that I will need to keep up the council tax and home insurance on the old house until it is reposed.

Many Thanks

tigerfeet2006

hButterflyH wrote: »

Hi, I am now discharged from bankruptcy as of last week.

1) I am planning on moving in to a new house with my new partner. He owns the house and I will be living there with him. What steps can we take to prevent there being any negative affect on his credit rating through me living with him. Don't have any joint financial dealings.

2) I am planning on handing back my house to the bank (It is in negative equity in joint names with my ex husband) when I move in with my new partner. I understand that it will be included as part of the bankruptcy as it was a pre bankruptcy debt. I am also aware that I should not sign anything from the mortgage company once I have handed back the keys. Do I just need to contact the official receiver to tell them what I plan to do? Am I under any obligation to tell them or the lender my new address? Will have this have any effect on my new house or partner? Yes, you need to keep the OR informed on what is happening. Set up a redirection notice for post and anything that the ortgage co. send will be sent on so you can keep up to date with what is happening. Don't forget to let the council know you have moved out.

Is there any other advice that can be offered? Things I may not have though of? Just make sure you have no joint bank accounts or financial dealings until the BR has fallen off your file.
I realise that I will need to keep up the council tax and home insurance on the old house until it is reposed.

Many Thanks

I am sure other may add other things.

skylight

Do not have any joint accounts or debts with your new partner. You are not linked at addresses ONLY financially, so don't open a joint account at all. Then your adverse rating cannot affect him at all.

What has the OR said so far about the property and their interest in it? Yes , tell him and correct, DO NOT sign anything.

hButterflyH

The OR just has an interest for three years from bankruptcy. So two years left.

As for council tax my local office states that a property may be exempt from council tax if-

Q Unoccupied dwelling which is the responsibility of a bankrupt's trustee.

Do I take this to mean that I would be exempt once I have moved out?