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self employed ex business folding, Help?

  • jordygal
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22 Mar 13 #385675 by jordygal
Topic started by jordygal
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

  • dukey
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22 Mar 13 #385677 by dukey
Reply from dukey
I don`t know if anyone can advise, your married and this is bankruptcy and liability, have you talked with the CAB?, they seem to be very good with these issues, if not its worth thinking about.

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