HI,
The background is my husband liquidated 2 different companies about 7 years ago and from that came bank debt( from personal Guarantee ) and revenue debt. He then became a sole trader and more revenue debt followed. I am his wife , was a director in the companies , had no involvement and took no salary.I am a paye worker. All the revenue debt is in my name solely as i was the assessable spouse. I did ask him to change this to his name a number of years ago but he did not want anything...
Overwhelmed by size of Debt- Please advise
The background is my husband liquidated 2 different companies about 7 years ago and from that came bank debt( from personal Guarantee ) and revenue debt. He then became a sole trader and more revenue debt followed. I am his wife , was a director in the companies , had no involvement and took no salary.I am a paye worker. All the revenue debt is in my name solely as i was the assessable spouse. I did ask him to change this to his name a number of years ago but he did not want anything...
Overwhelmed by size of Debt- Please advise