debt free help please

maggienoodle

i need help i ran up quite a large debt , my partner knew nothing of it, can i go bankrupt and start fresh,
Recently, i confessed to so much as we wanted to move, we have been living together for over 25 year’s.
I owned my own house with little own on it, this property was in my sole name i sold the property, and gave my partner a one time gift of £40.000, i kept £10,000. i spent the £10.000 on home renovation for the new house.
I still have outstanding debts in my name only, can i become bankrupt without them looking into my pass finances?, am i allowed to give a one time gift to my partner?. after all he is entitled to half of the assets
My house was sold for £83.500, there was a balance of £28.000 outstanding on the sale.
My partner bought the new home in his sole name as i cannot get credit.
So my question is how can i get around the out standing debt of which is more than £28.000 could i go bankrupt without them seizing any money from my partner, i know I've been silly in the past may i add I've been in a debt management program for over 6 years am paying £105 per month, there cut is £35, and please don't preach to me i do know that i shouldn't be paying a debt management £35 its a money maker but to me its a way of keeping my finances in order and letters dropping on my door mat each month , like i said my partner knows nothing of this other debt.
One regretful girl
Many thanks in advance:o

stevemLS

No - if you go bankrupt the Official Receiver will look into your past finances and in all probability will view the gift of £40k to your partner as an attempt to conceal assets.

You can get in serious trouble for that - as in prison.

maggienoodle

thankyou , do you know how farback in years they look?:(
and as a matter of fact he was entitled to that money legally speaking it was half is money he lived with me for 25 years, i was the stupid one and got in debt not him.

stevemLS

As far as I know there is no limit in time that they can go back.

How long ago was the "gift".

Have I understood correctly, you sold a property held solely by you and then gave him the gift from the proceeds?

The fact that he may have been entitled to half of it if you divorced is not relevant - are you still with him?

In any event, he may have been entitled to a portion of your assets, whilst you are in debt that would be set off against the value of the property in determining what your assets are, so he may well not have been entitled to what you gave him - on divorce.

Upsidedown_Bear

It would be worth asking about this on the Bankruptcy Board.

http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=136

maggienoodle

thanks i shall just have to pay via the debt agency