Not sure if anyone has heard of this but thought I would post as a warning to all.
I'm currently in the process of my IVA and my biggest creditor is Lloyds TSB. As advised by my IP, I have stopped paying my payments and as expected am now getting the usual calls from my creditors. However, Lloyds TSB have just taken an interesting new twist.
As I won't speak to them (they keep asking me to ID myself when they call, I won't give it as they've called me, loop for a while, then a terminated call), they have just taken the outstanding loan payment from an overdraft on a joint account. Note, this isn't from credit monies, this is from an overdraft, putting my wife overdrawn for money that she is now jointly liable for!!!
I have removed all joint overdrafts (except for what is outstanding) to ensure that this can't happen again, but this is a nasty, sneaky turn of events.
I have since phoned them and informed them that they are breaching the banking code by creating a joint debt from a single debt and (allegedly) the money is being refunded into the account, but I am as yet confident this will actually happen.
Hopefully this will warn others to sort this situation before the banks attempt this tactic.