Re: Bankruptcy and Seperation
Thanks so much for all the posts - I really appreciated your input. Sorry I didn't reply sooner but my computer kept crashing. Seems to be feeling a bit calmer today, however, so hopefully I can get through this email.
Clockwork Orange, I had considered an IVA but there is so little income coming in at the moment (having a one and two year old and no free childcare available somewhat curtails ones earning potential!) that it possibly wouldn’t be viable.
I also don’t feel the need to avoid bankruptcy. If I were to personally go bankrupt, I truly believe it would be the very best option for me and the boys. The only difference in my life would be where we live. My husband may wish to consider an IVA as his job options might be restricted……
Anyway, the good thing is, I have narrowed it down to two companies who I want to guide me through the bankruptcy and I just need to decide which one to go with. As they will be advising me as an individual I should be able to get good advice about what is best for me as a married or separated person.
What I have found out is that as long as we are married, the whole debt is carried by both of us, so the debts in my name, his name and our joint names are all carried by us both, so if I go bankrupt he will be liable for the full amount.
Thanks again for posting.
Love Kathryn
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