cant believe it

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chilipepper

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Post by chilipepper » Thu Aug 07, 2008 11:03 pm
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hubby just told me the loan i have with marbles is in joint names, now how does that work with a iva?
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plasticdaft

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Post by plasticdaft » Thu Aug 07, 2008 11:04 pm
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Are you already in an iva??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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chilipepper

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Post by chilipepper » Thu Aug 07, 2008 11:04 pm
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not yet no
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size5

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Post by size5 » Thu Aug 07, 2008 11:08 pm
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Chilipepper, have you taken the step of speaking to someone yet?

If you haven't, then please do so as soon as you can. The forum and its contributors will help you as much as they can but that is no substitute for one to one advice based on your own situation.

Regards.
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chilipepper

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Post by chilipepper » Thu Aug 07, 2008 11:09 pm
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i want to know if this joint loan will make him have to be in an iva also before i phone
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plasticdaft

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Post by plasticdaft » Thu Aug 07, 2008 11:15 pm
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A professional would be your best bet for sorting out what to do. Do you have any other shared debt??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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chilipepper

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Post by chilipepper » Thu Aug 07, 2008 11:15 pm
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i didnt know that was in joint names till today thought it was just in mine, no all the others are mine and his in his name
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MelanieGiles

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Post by MelanieGiles » Thu Aug 07, 2008 11:27 pm
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The joint debt will have to be included in an IVA, if that is what you decide to do, but the creditor will also pursue your husband for the debt as well under joint and several liability.
Regards, Melanie Giles, Insolvency Practitioner
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Lisa2009

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Post by Lisa2009 » Thu Aug 07, 2008 11:27 pm
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It wont make any difference to you proposing an IVA so dont worry.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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size5

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Post by size5 » Thu Aug 07, 2008 11:27 pm
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As joint debts are just that, joint and severally liable, all the more reason to take a professional slant on things.

If there are factors, such as WFTC awards etc, that prevent you from going forward right now then so be it, but to get the right advice as soon as you can would surely put your mind at rest.

Regards.
Last edited by size5 on Thu Aug 07, 2008 11:28 pm, edited 1 time in total.
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chilipepper

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Post by chilipepper » Thu Aug 07, 2008 11:31 pm
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there is many reasons why i cant go with it now, and id rather not say what but as soon as im able i will push towards a IVA
wouldnt care that loan finishes next may GRRRR
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chilipepper

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Post by chilipepper » Thu Aug 07, 2008 11:33 pm
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so damn frustrating
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