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bankruptcy

Hi there Im currently in dept of £50,000 due to tax reasons and im seriously concidering going bankrupt,i have no assets at all altho i have been married for 2 years and my wife has a house that she had before we got together and is in her maiden name aswell, is her house same if i go bankrupt or will it be in danger of being sold in auction as if it were jointly owened...? Thank you for ur help with this matter. Nico

Hello Nico

Because the house is just in your wife’s name and has never been in you name, then the house is safe. Only assets in your name can and will be effected if and when you go bankrupt. If you want to consider other options rather than bankrupt then give us a call on 0800 954 6518. Hope this helps.