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Thanks for your question. I am a solicitor in Scotland and can help you with your question today. Can you explain your situation a little more please?
Thank you for your reply. Your personal debts are not those of your partner and cannot affect her credit rating or be claimed from her. However if anything happened to you any joint assets you have would be vulnerable. The reason for this is that your estate would remain liable for your debts and if you have assets, or joint assets at the date of your death, your creditors could ask for these to be liquidated to pay the balance of what is owed. What you could do is take out a term life policy which would pay out enough to repay your debts on your death. Generally the premiums for this type of policy are very low and you could cancel it once the debt is fully repaid, or not as the case may be. I hope this helped you today. Please do let me know if I can clarify anything, I am always happy to help.
You can enter a trust deed or go bankrupt but that should be a last resort rather than a first as it will mess your credit rating up for years. Most creditors are sympathetic to the current issues we all face and will reach some kind of accommodation with you. I hope this helped you today. Please do let me know if I can clarify anything, I am always happy to help.