question category: Bankruptcy

if my husband goes bankrupt what will happen to my sole savings
Submitted on: 11th Jun 2009 by Non-Member | Total Answers: 2

i have savings in my name only which i put money in for my girls will they be able to touch it if my husband goes bancrupt

Answer this question

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Re: if my husband goes bankrupt what will happen to my sole ...

Hi,

That really depends on where the money came from in the first place.

If you paid it from your income the no it will not be included, in the same way if given to your children as birthday gifts from relatives

The trustee in bankruptcy can investigate where his money has been spent.

Submitted on: 12th Jun 2009 by Justine Member

0
 

Re: if my husband goes bankrupt what will happen to my sole ...

The Official Receiver can investigate your husband without his consent and question his transactions so if he was hiding his money in your account that could be reversed.

If the account is in your name and the money hasn't come from your husband recently - say in the last 2 years it should be safe.

If you want me to look at your husband's situation get him to click on my name and email me at Debt Advice Foundation

Submitted on: 15th Jun 2009 by Darren Member

0
 

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

Featured Debt Charity

“What we like most about the help the Debt Advice Foundation provide is it’s balanced and fast. You’ll get the right solution suggested confidentially in hours not days.” Debt Advice Foundation