I have recently purchased a house, and now have a rather large mortgage, which is all in my name. My partner recently lost his job, and because I earn too much isn't entitled to payments from Centerlink. He now has creditors chasing him as he is unable to make payments on his credit card and personal loan, and is exploring the option of declaring bankruptcy.
How will this affect me? Will they take my house? Will I be responsible for paying his outstanding debts?
How will this affect me? Will they take my house? Will I be responsible for paying his outstanding debts?