Iam paying into an IVA,

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money4chris

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Post by money4chris » Fri Feb 06, 2009 7:56 am
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Iam paying into an IVA, ihave a joint bank account with my partner, the bank are chasng her for the outstanding balance, where do we stand, thank you
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David Mond

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Post by David Mond » Fri Feb 06, 2009 8:00 am
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Your partner is liable for the total debt of your joint bank account. Whatever dividend is paid to the bank, the bank will deduct that and claim balance from your partner.
Last edited by David Mond on Fri Feb 06, 2009 8:10 am, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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MelanieGiles

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Post by MelanieGiles » Fri Feb 06, 2009 8:09 am
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Was this issue considered by your IP prior to the presentation of your IVA proposals, Chris? Was a sum of money set aside to cover ongoing payments to the joint creditor?
Regards, Melanie Giles, Insolvency Practitioner
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