{"id":82006,"date":"2018-03-06T14:00:04","date_gmt":"2018-03-06T07:00:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/splitting-up-with-a-joint-account-beware-the-debt-trap\/"},"modified":"2018-03-06T15:03:09","modified_gmt":"2018-03-06T08:03:09","slug":"splitting-up-with-a-joint-account-beware-the-debt-trap","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/splitting-up-with-a-joint-account-beware-the-debt-trap\/","title":{"rendered":"Splitting up with a joint account? Beware the debt trap"},"content":{"rendered":"


\nWhen couples break up either one can be 100% liable for money owedAfter Jennifer Davis* tried to shut down the joint account she shared with her former partner, she got a rather nasty surprise. Her other half had taken out \u00a32,500 without her knowledge before they had split up, and the bank demanded repayment before allowing the account to be closed, saying that both of them were liable for the debt.Her experience illustrates a persistent problem highlighted by financial experts around contentious relationship breakdowns \u2013 that women disproportionately suffer more when dealing with joint finances. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Splitting up with a joint account? Beware the debt trap<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When couples break up either one can be 100% liable for money owedAfter Jennifer Davis*...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-82006","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lkG","jetpack-related-posts":[{"id":70314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/child-support-legal-loophole-is-closed\/","url_meta":{"origin":82006,"position":0},"title":"Child support legal loophole is closed","date":"October 29, 2017","format":false,"excerpt":"\r From early 2018, money held in joint account with new partner can be seized for maintenance paymentsParents will no longer be able to use a legal loophole to dodge paying child maintenance under new rules to be rolled out within months.Ministers are to overhaul laws that mean parents can\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-the-property-trap-ensnaring-young-buyers\/","url_meta":{"origin":82006,"position":1},"title":"Beware the property trap ensnaring young buyers","date":"December 16, 2021","format":false,"excerpt":"\r Under-40s find the Lifetime Isa has shortlived benefits\r \r Source : ft.com\r Read more...Beware the property trap ensnaring young buyers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/halifax-is-chasing-a-debt-on-a-house-my-wife-left-20-years-ago\/","url_meta":{"origin":82006,"position":2},"title":"Halifax is chasing a debt on a house my wife left 20 years ago","date":"January 25, 2017","format":false,"excerpt":"\r Her ex had forged her signature on forms and is still insisting she is liable My wife took out a joint endowment mortgage with her ex nearly 20 years ago. She left the property in 1997 and advised Halifax of her new address, but her ex refused to take\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/splitting-your-property\/","url_meta":{"origin":82006,"position":3},"title":"Splitting your property","date":"January 12, 2018","format":false,"excerpt":"\r The end of a relationship is tough on everyone involved. Some couples find it hard to divide up their furniture, let alone any joint property. If you find yourself in this position and you own a home together, it's a good idea...\r \r Source : nzherald.co.nz\/Property\r Read more...Splitting your\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-my-disabled-son-get-cover-for-joint-mortgage-payments\/","url_meta":{"origin":82006,"position":4},"title":"How can my disabled son get cover for joint mortgage payments?","date":"August 27, 2018","format":false,"excerpt":"\r He is on universal credit and I\u2019m worried that if his girlfriend is unable to work he will be liable Q My son and his girlfriend are buying a house together. He is disabled and on universal credit and as a result, has very little income. So with our\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/paying-cash-for-your-uk-home-beware-of-some-unintended-consequences\/","url_meta":{"origin":82006,"position":5},"title":"Paying cash for your UK home? Beware of some unintended consequences","date":"August 17, 2021","format":false,"excerpt":"\r Since the UK government decided to grant residency rights to nearly three million eligible Hongkongers, many of the city\u2019s residents have been hunting for properties all over the country.Last year, about 30 per cent of homes around the Greater London area were sold to international investors. 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