question category: Bankruptcy

If we have a joint loan can I apply for bankruptcy or does my husband have to as well
Submitted on: 3rd Jan 2009 by Non-Member | Total Answers: 2

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Re: If we have a joint loan can I apply for bankruptcy or ...

A loan in joint names is termed joint and severally liable. This means that either of you owes the money. If one of you goes bankrupt the whole of the remaining debt falls on the other party.

Submitted on: 5th Feb 2009 by Darren Member

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Joint loan, bankruptcy and husband

Your husband does not have to apply for bankruptcy. Have you considered other debt solutions? If you want a list of debt companies to talk to click - debt companies

The issue you have is that you will need to pay back the loan if your husband can not.

Good luck.

 

Submitted on: 5th Jan 2009 by TA Member

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