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Ceegee
Posted by
New Member

03 Dec 12 #369086 by Ceegee

Topic started by Ceegee

Hi,

I''m hoping someone maybe able to offer some advice. My partner and I both currently have outstanding debts and are thinking of consolidating this together into a single load in her name only that we both contribute to in terms of repayments. If we go down this route, is the new loan (that I will be responsible for paying over 50% of the repayments for) recognised by the courts when considering the financial settlement between my ex wife and I if it is my new partners name only? If it is not recognised, is there some sort of indemnity agreement that I need to provide my partner with that will be recognised by the court that will demonstrate that my debt still exists albeit in a new form?

Any assistance gratefully received!

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