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is this normal
Countrygal_2
Posts: 21 Forumite
to feel scared of just doing that final step and going bankrupt ?
Also if a debt was joint what happens to that others persons half or is it all wiped off ?
Also if a debt was joint what happens to that others persons half or is it all wiped off ?
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Comments
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It's entirely normal to feel scared/nervous/anxious about taking that final step, despite knowing that is the only sensible course of action in your circumstances.
If one person goes bankrupt when in a joint debt then the entire joint debt is the sole liability of the non-BR person, so they will be chased for the whole payment by the creditor."Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama0 -
If one person goes bankrupt when in a joint debt then the entire joint debt is the sole liability of the non-BR person, so they will be chased for the whole payment by the creditor.
well put, Pippa.....now you all know why I advise against joint accounts etc...we are all 'pushed' into them, yet we know not what the future might hold [despite best intentions?]....best avoided, is my advice, even if it is a bit of a 'downer?'No, I don't think all other drivers are idiots......but some are determined to change my mind.......0 -
It's completely normal to feel like that, even if the rational part of your mind knows that this is the best option for you. Fear of the unknown is very powerful, but read this https://forums.moneysavingexpert.com/discussion/4875114 to see how it went in practice for one poster here earlier this week0
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