we still have joint debts

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robert.j

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Post by robert.j » Mon May 12, 2008 5:48 pm
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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
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Viki.W

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Post by Viki.W » Mon May 12, 2008 5:55 pm
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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
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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aguise

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Post by aguise » Mon May 12, 2008 6:22 pm
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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
Please visit my blog at http://aguise.blogs.iva.co.uk/
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Adam Davies

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Post by Adam Davies » Mon May 12, 2008 8:11 pm
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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 ?
Andam Davies
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robert.j

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Post by robert.j » Mon May 12, 2008 9:15 pm
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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
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