half way through a divorce

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noeleenr

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Post by noeleenr » Mon Dec 01, 2008 5:04 pm
I half way through a divorce and me ex is considering an IVA. Debts and mortgage are in our joint names. How would that affect me?
 
 

MelanieGiles

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Post by MelanieGiles » Mon Dec 01, 2008 5:14 pm
Hi there and welcome to the forum

What are your intentions regard to the property after your divorce? And do you have unsecured debts which are in joint names - if so, it is likely that creditors will pursue you directly for all of the outstanding balances - under the principle of joint and several liability.
Regards, Melanie Giles, Insolvency Practitioner
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