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GarySteel87
Posts: 2 Newbie
How will bankruptcy affect a joint account holder where there is no debt? Can the debtors come after the solvent account holder??
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If one person goes bankrupt & there are any joint debts, then the credit company will seek payment from the partner who didn't go bankrupt.
Is that what you were asking?SPC 8 (2015) #485 TOTAL: £334.65
SPC 9 (2016) #485 TOTAL £84
SPC 10 (2017) # 485 TOTAL: £464.80
SPC 11 (2018) #4850 -
Hi
The solvent joint account holder wouldn’t be liable for the bankrupt person’s debts if they didn’t sign the credit agreements. There would be a financial association on their credit reference file which could have a negative effect on credit scoring though.
James
@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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