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 one of my creditors on my BR are in joint names		  New Topic  Reply to Topic
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kazy1
Junior Member

United Kingdom
120 Posts
Posted - 10 November 2008 :  10:33:58  Show Profile  Reply with Quote
Hi, woke up at one this morning worrying one of my creditors on my BR are in joint names they actually have a levy on my stuff is it still ok to pay them as the debt is in both names and it would fall to my husband?.

go_4_broke
Junior Member

221 Posts
Posted - 10 November 2008 :  11:12:25  Show Profile  Reply with Quote
Hi kazy

Most joint finance comes under 'joint and several liability'.

That means they can pursue either of you or both.

Or in other words, if you become bankrupt they will most likely pursue hubby.

Best Regards

'Bankruptcy - an elephant from the front - a mouse from the back'
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kazy1
Junior Member

United Kingdom
120 Posts
Posted - 10 November 2008 :  13:47:28  Show Profile  Reply with Quote
Hi I phoned my OR and he said it wasn't a problem paying them as he had noted it on my SOA and technically it was OH paying not me

Thankyou

Kazy1zzzzz
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Needafriend
Junior Member

United Kingdom
344 Posts
Posted - 10 November 2008 :  14:31:11  Show Profile  Reply with Quote
Hey Kazy

Thats good news.

Have a great day.

LOL

Jo
x


For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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