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Posted: Mon May 12, 2008 5:48 pm
by robert.j
Hi I split up with my wife several months ago, we still have a loan and the mortgage in the same name.
i have just found out that she is going for an iva, she has told me this doesnt effect me, is that so as we still have joint debts? can see select whats on the iva?
it seems very strange to me!
thanks
Posted: Mon May 12, 2008 5:55 pm
by Viki.W
Hey robert, welcome to the forum, seems a bit strange to me also, an expert will be along shortly to help with your query. viki X
Posted: Mon May 12, 2008 6:22 pm
by aguise
Hi robert and welcome.
I will try but please wait for an answer from one of the technical experts as well. If your ex wife enters an iva all of the unsecured debts will be included, if they wern't it would be seen as prefering that particular creditor. If you have joint debts s then the creditor may, or more than likely will seek payment from you.
Ang
Posted: Mon May 12, 2008 8:11 pm
by Adam Davies
Hi
Just to confirm that you will still be fully liable for your debts and any joint ones that you have.
She will also have to release some of the house equity in the final year.
Can you afford to pay your debts and the full payment due on any joint debts ?
Posted: Mon May 12, 2008 9:15 pm
by robert.j
thsnks very much, i thought just as much.
the loans is actually secured so thats not in the iva.
unfortunately i can not afford to pay her off untill the house is sold