I separated from my husband a year ago but we are not divorced. We have joint debts of £40,000 and in addition he owes an enormous amount of money for which I have no responsibility. My husband intends to declare himself bankrupt, but I would prefer to avoid this myself if possible. If he goes it alone would I then be responsible for the full £40,000 we jointly owe?
I’m afraid it’s more than likely that the whole burden of the debt will fall on you if your husband declares himself bankrupt. Creditors can usually attempt to recover their money from either party to a joint debt. You should take a solicitor’s advice to see what options are open to you, but bankruptcy may be your only course too.