The UK's largest and most visited divorce site.
Modern, convenient and affordable services.
We've helped over 1 million people since 2007.

Click this button for details of our

email, phone nbr and free consultations.

How To Contact Us

My Liability for Husbands Debt Management Plan

Start
Prev
1
Next
End

SAN5060
Posted by
New Member

14 Oct 16 #484634 by SAN5060

Topic started by SAN5060

Hi,

Husband and I have recently separated, (my idea), one of the reasons being him running up £20K of debt behind my back. He has now got a debt management plan (not an IVA) and was just wondering if anyone knew if I would be jointly liable for the debt, since all the credit cards were in his name alone and the debt management plan is only in his name?

Thanks

Bubblegum11
Moderator

14 Oct 16 #484644 by Bubblegum11

Reply from Bubblegum11

You are not liable for your husband's debts and they can not be enforced against you. They may be considered when it comes to dividing the marital finances though. I would suggest getting divorce proceedings and financial settlement underway, especially if there are assets he has an interest in and there is a risk of bankruptcy.

SAN5060
Posted by
New Member

16 Oct 16 #484744 by SAN5060

Reply from SAN5060

Thanks for your reply. He does have a share in our house but I was hoping if the debt management plan was in his name alone that it wouldn't be taken into account with any financial settlement. Suppose I just need to bite the bullet and get things moving legally now.

Start
Prev
1
Next
End

Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.