www.iva.co.uk

Can you please advise me on my current situation; me and my ex partner have split up and have a number of loans in joint names totalling £36,000 approximately; I have contacted a company about entering an IVA and they have provided me with figures for the IVA, the figures are £11,000 (approx.) paying back over 5 years then £25,000 (approx)cleared off after the 5 years, my query is with me paying this amount but my ex partner seems to be getting away with not paying anything, can you please advise me how the IVA wors when a couple split up?

Many thanks

You will after a minimum term of 5 years be debt free. Your partner will still be liable for the full amount (less what you may have paid back after fees) of any joint debts.

It would be now better to look at completely separate solutions for both of you. Concentrate on resolving your own situation, and if your ex-husband does not want to join in he can always consider bankruptcy. Although bankruptcy is much easier now, it is still probably not deemed to be getting away with it.