Debt Recovery: My partner is being made bankrupt – does that affect our house or my own assets?January 1st 2021
The precise answer to this will depend on the detail. A share of jointly owned assets can form part of a bankrupt estate – but the ability to enforce against that asset has restrictions. Similarly, a Trustee in Bankruptcy can review historic transactions of a Bankrupt person to reclaim assets into a bankrupt estate. You should take advice on your own specific circumstances, especially if there is any claim threatened against you directly.
For more FAQs see here