My ex fella has left me with all the debt?

Question

Me and my ex fella seperated in January 2006, due to him having an affair with my friend amongst other things like domestic violence. the council has now put me in accommodation for my safety and my health. i was forced to sell the house due to not being able to afford it on my own, when he left in january he never paid me a penny for any bill/mortgage. the house was sold in August 2006. And left me with debt, unfortunatly there all in my name which i now that i cant do anything about, i'll just have to learn from it. but the advice i want is that we had a joint loan which didnt get paid in full. The money what was left from the house went straight to the loan company. when the house went through there was never an agreement made to the outstaning money. i was under the impression that the loan company accepted the 18.500k. i have now found out that there is 8.600k outstanding. and they want the money. my ex has done a runner. what do i do? im cant pay it. do i file for bankcrupcy??

Answer 1

looks like your bf has screwed you in more than one way

Answer 2

Speak to them. Tell them the situation and that the loan is in joint names. They will still want paying, but perhaps they can come to some arrangement for 1/2 of the loan from you. Make sure the terms are good and you can afford the repayments.

Also, make sure that if a contract is drawn up for half of the loan that you are not liable for his half should they not find him or he refuses to pay.

If you cant do this go to a debt management company who will act on your behalf and ocme up with a payment plan, even if it only £1 per week. They take all your circumstances into consideration and well worth a call

Sorry, but they will want payment, but you may be able to get a very low cost payment plan. Just be careful of the small print

Answer 3

You don't need to file for bankruptcy, instead you need to renegotiate with this loan company. Most lenders will agree to you paying off a smaller amount of money owed each month providing you stick to an agreed schedule of payments. If you don't feel comfortable about negotiating this, then seek help from a Citizens Advice Bureau or the Consumer Credit Counselling Service.
Resist heavy-handed tactics often employed by debt collection agencies. If you are sent county court paperwork, check whether if it has been stamped. If it isn't stamped, it means the paperwork has not been presented to the court yet. Avoid debt consolidation and debt management companies as they simply turn unsecured debts into secured loans and can compound debtor's money problems.
Since you already feel that you cannot afford to pay off this debt, then seek legal advice. Try approaching the Community Legal Service or the National Debtline which will overview your financial situation and advise you accordingly. Another source of help is Credit Action - an educational charity which explains how to budget, in order to avoid getting into debt again, which in your case, is something brought about by your separation from your partner.
I deeply sympathise with your situation as you cannot make your former partner help you out financially, nonetheless, get into contact with any of the above, and you may find your burden being eased by these professionals. Good luck!

Answer 4

sorry that you've been left in this mess....first you must contact your solicitor...if this loan was joint then his signature will be on the agreement form alongside yours...take the letter to the solicitor and explain your situation to them...you say he's done a runner, he CAN be contacted through his national insurance number which will lead them to his address, he can run but he cant hide, he will get caught, i would not pay this until you have seeked legal advice and had this resolved...why should you foot the bill when half of it belongs to him, honey, what goes round comes round, you have learnt a valuable lesson here, you won't always have this hanging over you, your solicitor may ask you to declare bankruptcy but, you do know that in the future you will not be able to open a business or buy a house or even take out further loans, see this as a fresh start hun, once these debts are gone, then you can breathe again, plus you wont have him anywhere near you any more, wave goodbye to him, he's proved to you that he is not capable of being anything but nasty and selfish person and only cares about himself and no one else....i hope that you can make ends meet in the near future, good luck...

Answer 5

Hi I just went bankrupt in July.
I was in refuge due to Domestic violence.
When I went bankrupt it felt like I had won the lottery,It involves a 3 hour trip to court and is very straightforward.
Get rehoused permanently too as it will help-
However it is difficult to start again when there is no violence,for me the freedom can sometimes be overwhelming.

ALSO HE IS LIABLE FOR JOINT DEBTS IF YOU GO BANKRUPT

I would definatly recommend bankruptcy-I had 10 k wiped out and all you do after is send your bills to the official receiver.

My bankruptcy is only for six months and sometimes you can get an early discharge.


good luck honey

Answer 6

i would only recomend filing for bankrupcy in extreme circumstances. A bankrupcy order or IVA (Individual volintary arrangement) can be detremental to your ability to gain credit again. If the loan is in joint names then you each hold 50% responsibility for your debt. Seek advice from Citizens Advice as they are able to look at your circumstances and recommend the best path to take, they can also look at taking 50% of the outstanding balance out of the equation and speaking to the creditors regarding this. I know it may seem like the end of the world at the minute but please try not to worry. The experts will be able to help you! good luck xxx

Answer 7

Write a letter to all your creditors and tell them what you CAN pay (even if it's only £2 a month). Keep copies of all letters you write and make sure you date them. You will find they say it's not enough (stuff em. You're offering something). In the end (and I'm talking years), you will find they will write off the debt because it is more expensive for them to keep writing etc to you. For-god-sake don't pull your hair out, you're not alone. If I can email you I will expand on this subject. Write out what you need to live on - gas, electric, rent, water rates, fares to work, poll tax, food etc., then you offer what's left to your creditors. Any loans you took out together will be down to you if they can't trace him. There is no chance of them saying "oh ok he's gone we will write off that half" - your signature on that loan means you are each responsible for the WHOLE of the loan. They chase the person that they can contact.

Answer 8

You need debt counselling..........urgently. Your note resonates with me for various and, thankfully, long past reasons. You could file for bankruptcy or you could opt for an IVA (which was the route I took 9 years ago) but would recommend neither until you seek professional advice. Both routes affect your credit rating......the main difference is that by declaring bankruptcy you pay back much less per £s owing. Unfiotunately if the debts are in your name, you are liable.
I wish you luck...........and you will get through this but, please, get some professional advice. These days lots is available, which was not so when I was struggling.

Answer 9

I would have an attorney file you for bankrupcy or talk with one. It would do no use to try to collect from your ex if he is running. But you could file a sit against him and the court would serve papers at his las known address even if it was your old one. yourattorney couldthan colect from any job he got thu garnishment or from his tax refund if he had one. It's likely he'll marry some poor gal with kids and colect onher unearned income. So sueing him would give him a fit there. even if it takes several years.
But your best option is to hire anattorney who might could get your name off as an innocent spouse.

Answer 10

Get yourself to your nearest CAB or solicitor for advice. I had a joint mortgage with my ex but I'd paid more and had therefore paid my half and then had to pay half of his debt too. Exs continue to cause trouble even when you've chucked them! Good luck I hope you get this all sorted and manage to get rid of all problems connected to him for good. Keep strong.

Answer 11

Report him to the cops or something & get him in court. I know everythings in your name but having a relationship is still a bearing especially that you guys have a joint account. That is proof that you guys are going halves on a lot of things.