will partners property be used to pay my IVA?

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rgg

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Post by rgg » Wed Feb 06, 2008 11:04 am
If your partner has a property with equity, will this property be used to pay my IVA? We live together, are not married, and have no common financial accounts or debt. The property is hers, we do not live there, and she rents it out. The debt in the IVA is all my debt. If someone can give me some advice on this I would appreciate it. thanks.
 
 

ianmillington

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Post by ianmillington » Wed Feb 06, 2008 11:10 am
Hi

Presumably she owned this property before you lived together?

Do you contribute in any way to any mortgage on the property if there is one??

What does your partner do with the income generated?

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
 
 

rgg

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Post by rgg » Wed Feb 06, 2008 8:29 pm
Thanks for getting back to me. She did own the property before we were together. I don't contribute to the mortgage, and the income from the property goes directly into paying the mortgage. It isn't used for my or her personal expenses.
 
 

rgg

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Post by rgg » Thu Feb 14, 2008 2:35 am
Hi If any one can shed some light on this question, I would appreciate it. Thanks.
 
 

MelanieGiles

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Post by MelanieGiles » Thu Feb 14, 2008 2:47 am
I cannot see that you would be held to have any claim over that property, but it might be wise to take specialist legal advice to be sure.
Regards, Melanie Giles, Insolvency Practitioner
 
 

buttercup

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Post by buttercup » Thu Feb 14, 2008 8:27 am
melanie are you pulling an all nighter? post at 02.47?
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