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Joint loan agreements
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Without seeing the agreement (which I guess could say anything), it would be safe to assume that a joint agreement will be "joint and several". The remaining party would be liable for the whole debt, not half.0
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Hi Claire
Yes, as fwor states you can safely assume that if A declares themselves bankrupt, B will still be liable for the entire balance on such an agreement. Their marital status would be irrelevant, for the record. In theory, any two people could take out a joint agreement - friends, relatives etc.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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