Hi, well the outcome so far has changed. The creditors or 2 of them would not attend the meeting unless equity from the house would be used to pay the debt so Kingsgate called off the meeting and my wife has gone back to the original DMC to pay the debt off over 12 years!

Thanks for all the advice guys, it's quite cheering to feel you all support us rather than the finance companies. The sad thing about this situation is that l still love my wife and she feels the same. The pressure on our relationship is horrendous, l'm finding it difficult to concentrate properly o...

Hi Melanie, basically,an overdraft, a loan to pay an overdraft, some items from catalogues for herself. To be honest we've always got things for ourselves and shopping etc was budgetted for seperately. I was totally unaware of this debt...naive l know, but l trusted my wife and didn't feel the need ...

I am of the same opinion, wait until Friday. The creditors are basically wanting their "pound of flesh" when there is only an ounce available. My wife is talking about reverting to the Debt Management route but this could add another £8K to the debt which she can ill afford!

I have just received a call from my wife and she has been told that one of the creditors that she owes 9K to would want equity to be taken out of the house and the other one that she owes 6K to has refused to accept the IVA outright. Surely this is not beneficial to either and she has been told that...

The problem with all this as you probably all know is that I can't seem to see how this is going to end.There are so many variables and what ifs! The IVA company will be meeting the creditors on Friday and a month ago l was informed that "good news the property will not be considered again in the IV...

Hi, thanks for your advice. The pressure of this could easily lead us to divorce as it stands at the moment. The possibility is that our daughter will most likely stay with me and my wife will move out. If we were to go to court to sort out the financial side what would the possibility that the equi...

Hi Melanie, If the money has to be raised by remortgaging the house then what claim if any would she have on the house at a later date if we divorced as the equity share that she was entitled to as part of the divorce settlement would have been spent paying her debt off. This debt has made life so d...

I have recently found out that my wife has debts of around £25,400, and was going to get it settled through an IVA. This has obviously put a huge strain on our relationship and it has almost caused us to part as a result. What if any realistic claim could the creditors have on the property which has...