united bankruptcy rumor

Help needed about bankruptcy …… some recently separated (United Kingdom)?

the female to male iva allready.the no problem with credit.they have a mortgage of 100 thousand between them, they recently seperated.the female in the house and not pay their mortgage before anything, there are rumors that they are going to explain their self bankrupt.where, it means the males are on this, what if they declared bankruptcy happened. who will provide the department, please any decent advice. what is the best thing to do. cheers emma xx

First, bankruptcy is personal, for example, a couple can not declare bankruptcy together, they will do to each separately, so said the woman is unable to pay the man is not automatically bankrupt. When the woman (wife / partner) explained are bankrupt, but will affect the man's credit scoring, as he looks to be assigned as the bankruptee if considered for credit or mortgage in the future. If the house is jointly owned, an accountant in the administration, the woman is the 50% of the company owned by the wife and sell can make the man and the house to capital increase for the creditors. When this happens the man will retain its 50% in value and 50% of the profits. The man should be immediately, by a lawyer but in the first Instance, it can create a simple letter of distance and get it signed by the females. The letter should be read along the lines of "I, the undersigned, hereby declare hereby DD / MM / YYYY, that I and Mr X was not found either financially or personally, "The difficulty can be amicable to sign in it always, if the relationship ended in less than conditions.

Pt. 2 America’s Bankrupt Banks (Inside the Meltdown)