by Ninja05  11/02/2016  248 Page Views
1 Comments  Self-managed super funds, superannuation, wealth management
Hey, this is my first time using a legal forum so bare with me.

Basically the situation is I have a personal loan in my name for my ex partner (no judgement please) which he has been paying however, my concern is where do I stand legally with this? The hard thing is that he can't take over the loan due to poor credit history (this is why I got the loan to help him in the first place). Part of the loan was for a vehicle which I have now registered the car under the PPSR register so now it advises I have a financial interest in the car in the eyes of the government. However, I am also concerned that he may declare bankruptcy or a form of bankruptcy. Will this affect our agreement? (I also have a signed agreement with him that I typed up and we both signed.