Bankruptcy - Move to live with future Wife

[Cartway]

Folks, can anyone with experience help?

 

I am considering bankruptcy and repossession of my home. In the event I begin bankruptcy proceeedings, I would look to move in with my Fiancee.

 

I have two questions;

 

a) If a Bankruptcy order is issued and I move to live with her, will any of her assets be under threat (we are engaged, not yet married of course)

 

b) If my bankruptcy period ends just after we are married, would the receiver/creditors be entitled to look at her assets given we have been married during the bankruptcy term?.

 

Greatful for any informed insights on this - I am completely new to the whole bankruptcy question though I have researched the bankruptcy process from the web.

[toddle2u]

The answer to both questions is no they can't touch your future wife's assets

[Cartway]

Thanks Toddle - that's very helpful and reassuring. Essentially then, whatever changes there are in my personal circumstances during BR, the OR can't hit my Fiancee/Wife.

 

Thanks again

[Dodgy Geezer]

Hi Cartway.

 

Have you taken advice from an Insolvency Practitioner.

[Cartway]

Hi Dodgy,

 

Not a practitioner at Law - my advice to date has come from CAB and other helplines. I'm considering an insovency expert though....do you think that some of the above advice may not cover everything?

 

All the best

[Dodgy Geezer]

Before granting Bankruptcy, a judge, or court rep, will ask you if you have taken legal advice. You should.

 

Most Insolvency practitioners will give you the first couple of hours free if they think they could get an IVA out of you. You dont of course have to go down that route, but 2 free hours armed with a list of questions that you want answered, are well worth it.

[debtinfo]

The judge justs asks if you hve taken advice, advice from the CAB is fine

[loobyloo85]

Yes, just to add to this, it would only be your assets affected in bankruptcy as it is your debt. Your fiancee's assets and finances will not be affected in any way xx