A
female
age
51-59,
*appy24birthday
writes:I have a friend in the UK who is married, has a lot of debt, owns a house out right (jointly) who wants to leave her husband. She thinks that if she leaves her husband she will end up with all the debt (as it's in her name). Is this true? Here in the US most states divide the debt 50/50 no matter whose name it's in. Also wondering how bankruptcy works in the UK, as my friend says that she will lose the house if she does go through bankruptcy to eliminate her credit card debt. I've tried looking up the answers for her online but have had little success. Any knowledge and advice about both divorce and bandruptcy in the UK is appreciated... my friend is miserable and doesn't really know where to turn. Since I live in the US, and we have different laws, IDK how to help her.
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Fancy yourself as an agony aunt? Add your answer to this question! A
male
reader, Ven +, writes (17 October 2010):
In the UK, debt belongs to the individual even in divorce. If their are joint assets, the debt can be weighed against those in bankruptcy.
In other words, she will lose her half of the house if she files for bankruptcy. The debt with her name on it is all hers.
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