Splitting up with a joint account? Beware the debt trap

When 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 £2,500 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 cont