My STBX was selfemployed with 2 businesses which had not been doing well, now he informs me he will be making them insolvent, He took out a personal loan in his name for the the business of which around £6000 is still outstanding, this comes out of our joint account which I am tranferring a third of loan payment to as he cant afford the whole repayment each month. he has a overdraft on business account which i imagine is around £ 7000 overdrawn,
Can i be held liable for any of these debts? he says they may come after the house, but the business was a ltd company and not secured on the house but he reckons the bank may want a percentage of house ssets for the business overdraft, does anyone know where i stand.
btw I am in marital home with our 2 kids 6 and 9. and the divorce is yet to go through