My girlfriend who lives with me is considering voluntary bankruptcy.
Will this have any impact on my home or circumstances ? My house is solely in my name, and she has been living here for 14 months.
We have no joint finances at all, in escence financially we are seperate entities ?
If it can be established that she has a share in the house (even if the deeds and mortgage are in your name), then yes. If there is another option it's probably better than bancrupcy.
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She should think carefully about such a course of action.
In the past, it would have meant it was almost impossible to get a mortgage. Nowadays, it just means that the rate will be loaded.
Check that she has not acquired any legal "interest" in your property.
An IVA is a possible option. Has she spoken to her local CAB?
I'd agree with all the other posts - but one thing to be aware of - if she does go bankrupt you will likely have the baliffs around and they take every luxury good for which you don't have a reciept....
IVA much better...
regards
John snipped-for-privacy@dial.pipex.com
"JCS2000" wrote
That could be classed as theft...
There is an excellent forum for debt issues here -
Daytona
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