Advice on a tricky situation....

silvercar

Sorry I meant it will give me an opportunity to make them aware of his actions (intentionally making himself bankrupt).

There is something wrong with the the whole thing if in his bankruptcy, while the bank will be listed as his creditor (I presume) he won't have to pay that while he will be allowed to pay his wife's debt on a house they have just moved into (they can't be in that bad of a financial situation if she has just been able to get a mortgage).

The point of bankruptcy is to draw a line and allow someone to move forward. That said, the OR being aware of "bad behaviour" could mean he be saddled with a BRO/ BRU for longer than would otherwise be.

If it is voluntarily repossessed - the affect on my credit rating is still going to be the same as a non-voluntary repossession isn't it? ie no mortgage, credit of any sort for the foreseeable? How do they come to the terms of the agreement, would it be done on my affordability? For example If they see that I could have afforded to pay the mortgage are they going to say they want all their money?

Yes a voluntary repossession will effect your ability to get a mortgage and the rate you could be charged. Any agreement to repay the negative equity will be what the lender can get you to agree to. They can't get blood out of a stone.