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Expenditure forms

from Jo Goodman (jo@sunflowerdesign.co.uk)
I've got a few questions that I'm hoping someone may be able to answer. This is a long one, so I hope you are sitting comfortably! This is the situation...

Mid 1993: handed keys to building society (Nationwide) after not being able to meet mortgage payments anymore. A man from the building society paid us a visit to assess the situation and as we couldnt afford to make any repayments or a lump sum, he said they would be in touch regarding this debt in due course. The flat cost us #40k, and the building society sold it for #13k (we bought in the boom, and it was sold at the time the prices went down, so I couldn't say for definate that they undersold it).

1995: I got divorced from my husband

Early 2000 : Solicitors finally found me. I am now living with my boyfriend and our 3 kids. They sent me an expenditure form which I filled in with MY details only, not boyfriends. 6 months later, yet another expenditure form, which I filled in exactly the same. They seem to accept that I am unable to pay anything at the moment, but they will be back.

I am now at the stage where I want to get my life back in order financially, and am starting university. I have got a student loan, a bank account and a credit card.

Now on to the questions:

1. On the expenditure forms the solicitors send me, it asks if I have a bank account, and what the details are. Previously, I didn't have one, so I left it blank. Now things are different though. Do I have to legally tell them about my account, give them the account number, and the balance? And if I do, do they have the power to look in my account?

2. My boyfriend and I are marrying next year. Will this have any effect on the debt owed to the building society? I.E. Can they then take his earnings into account? We do not have a joint bank account, and everything (house, car) is in his name only. I am worried they will be able to chase him for the money,and if this is the case, then we simply will not get married :o(

This is such a horrible situation, and I feel like I am going to be hounded for the rest of my life. At least after I leave university, I will hopefully get a good job, and maybe can sort this out myself. But that is in the future.

Any advice gratefully received, and thankyou for reading such a long message!

Jo

(posted 8579 days ago)

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