joint bank account

[crg]

Hi All

My ex-wife has now been removed from the account and it`s only in my name, my iva proposal will be sent to my creditors hopefully this week, can they still pursue her for payment on the overdraft

thanks
crg

[iva_squirrel]

Good evening,

No they can not but I am surprised that your bank did allow you to remove her name from the account eventhough the account has been overdrawn.

Kind regards,

Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

Credit Today Awards 2007 http://www.credittoday.co.uk/awards/winners.htm

[crg]

Hi,

The bank have withdrawn the overdraft and passed to collections, i checked online banking last night and the account is only in my name, so i presume that the overdraft has been changed to my name solely?

thanks
crg

[crg]

Hi,

Forgot to mention that i fear the bank will take a hard stance on this and probably say no at the creditors meeting, they have around 33% of the vote, they actually sent me a financial difficulty booklet which states about doing an iva so they must no i`m struggling, just hope they look at it in a kind way, the bank is lloyds tsb

rgds
crg

[MelanieGiles]

That bank are usually very supportive of IVAs. So long as your IP properly explains the reasons for your wife being removed from liability, this ought to be acceptable. And if it is not, you really cannot change anything at this stage, so if you need to do something to deal with your debts then go for it!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva experts]

Hello crg,

Thanks for giving us an update on your situation, Im glad that everything has turned out for you.

In my experience I have found Lloyds TSB receptive to IVA's, I would advise your I.P of the situation with your bank account just to keep them in the loop.

Best Regards. IVA Experts

[Oliver]

Lloyds have historically been supportive of IVA proposals so I would be confident that they would be receptive to this offer.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[finebridge]

Hi crg,

I am in agreement with the other experts that ordinarily Lloyd TSB are supportive of IVAs.

Good Luck

Nikki

Finebridge Ltd
22 Laud Street, Croydon, CR0 1SU
0800 180 4212
www.finebridge.co.uk

[crg]

thanks for your advice

rgds
crg