Question on bankcruptcy

K-lo

My wife and I owen £90k between us, approx £45k is purely in her name. She does not work, is it possible for her to declare herself bankrupt? and how does this affect myself?....would i be liable for her debts as her husband and would the courts allow her to go bankrupt?

Any help appreciated

philnicandamy

She would be able to declare herself BR, any joint debts though would then fall to you

you need to contact one of the free debt helplines in my sig below before you decide on anything

Wonder_Girl

You would only become liable for any joint debts (ones you both signed for).

As to if the Judge would let her go bankrupt that depends upon the circumstances, i.e, is there equity involved (i.e could you sell peoperty and pay all your debts off), are you keeping up to date with the monthly payments, are the reasons for wanting to go bankrupt temp etc

K-lo

thanks for your help

K-lo

We voluntarily gave up our house so have no assets, I cannot go bankrupt as it may affect my job in the future. I am funding paying her debts on a monthly basis via DMP via CCCS

tigerfeet2006

If you are already dealing with CCCS then I recommend you phone them and talk to them about your situation. You do need professional advice on this. If ultimatly you do decide that your DW should go bankrupt then you need to do this or the judge could purspone your petition until you do.

If you have any questions about anything then there is usually someone around who can help.