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Tenancy in joint names, questions
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Spaceman450
Posts: 38 Forumite

We have a tenancy in joint names, since the lockdown we have been struggling to pay rent
will both our credit files be affected?
what if one of us goes bankrupt will half the rent arrears be written off or all?
will both our credit files be affected?
what if one of us goes bankrupt will half the rent arrears be written off or all?
0
Comments
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None of it, as both parties are jointly and severally responsible.
Your files will be affected by any markers that are put on, such as if you are signed up for credit file reporting, or you get a CCJ.1 -
Deleted_User said:None of it, as both parties are jointly and severally responsible.
Your files will be affected by any marker that are put on, such as if you are signed for creit file reporting, or you get a CCJ.
its either all or half surely?0 -
Surely not. Both parties are jointly and severally responsible, so they can pursue the other party for the full amount.3
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So we both have to go bankrupt?
can anybody else who knows comment on this?0 -
Surely you are not considering the nuclear option of bankrupcy ONLY for a couple of months of rent arrears?1
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zx81 has answered your question with complete accuracy.
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Have you been in contact with your LL to explain your situation has changed?
Also, check entitled to and see if you are able to claim any benefits.
Rent / utility bills are priority debts, loans / credit cards etc can and will wait.
I'm not repeating what zx81 has already said.Mortgage started 2020, aiming to clear 31/12/2029.0 -
Without the full picture (total debts etc) going bankrupt is a bit.. much....0
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Spaceman450 said:can anybody else who knows comment on this?
This is not a situation where, if you can keep asking the same question, you might eventually get an answer that you like.1 -
Spaceman450 said:So we both have to go bankrupt?
can anybody else who knows comment on this?
I'd pop over to the DFW board and post a SOA and the kind folks there may be able to help you find something in your budget to help you get through this. It'd probably also be worthwhile getting in touch with your landlord to explain your circumstances and come to an arrangement, if you haven't already. I wouldn't recommenced considering bankruptcy as your first and only option.0
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