thankyou for your advice

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depressed

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Post by depressed » Sat Dec 15, 2007 9:29 pm
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hi ,we are going to apply for a full and final settlement lump sum iva my partener and i have debts of 180,ooo ,only 69,000 is my husbands debt the rest is in my name .we have sold our property and have 40 % in the £ to offer into our iva ,if the iva is rejected could i pay off his creditors with the lump sum so he is debt free and then declare myself bankrupt ? i have no vehicles etc in my name they belong to my husband who is self employed ,would he be affected in any way ? thankyou for your advice .
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Adam Davies

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Post by Adam Davies » Sat Dec 15, 2007 9:38 pm
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Hi
No because you would be favouring certain creditors[his] and denying your creditors your share of the equity.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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