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Melanie.n
forum expert
United Kingdom
1282 Posts |
 Posted - 17 April 2012 : 08:17:24
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Hi there, and a warm welcome to the forum.
Unfortunately you can only apply for bankruptcy in you 'sole' name. Your bankruptcy would contain all your unsecured debt in your sole name, together with any joint liabilities you have in joint name, for the whole amount ie if you had a joint loan for £10,000 it would be stated as a debt for £10,000 not half. Your filing for bankruptcy including the joint debt would not remove the other persons liability under the joint debt, they would still have to pay it, or consider bankruptcy themselves, or another debt solution.
I strongly suggest that you contact myself or one of the other experts here on the forum, via the experts tab on the ledt hand side of the screen, as there are a number of questions we would need information on before we could advise you that bankruptcy was the best option in your particular personal circumstances - such as debt level, income, whether you own a property - a chat would also put your mind at ease on the process and what the bankruptcy will mean to you personally.
Hope this helps, Melanie
Melanie Nicholas CertDR
30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have, or with completing the forms for bankruptcy, please do not hesitate to get in touch -I can be contacted via the experts tab
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How do I declare bankruptcy and can it be joint ?
