Is it correct that any joint debt appears as full debt on both our financial statements ?

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cerberus

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Post by cerberus » Fri Jan 23, 2015 9:39 pm
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both my wife and I have entered into IVA's. Is it correct that any joint debt appears as full debt on both our financial statements
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relieved33

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Post by relieved33 » Fri Jan 23, 2015 9:41 pm
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It did on ours, yes.
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Foggy

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Post by Foggy » Fri Jan 23, 2015 10:22 pm
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They do, yes. But it is unlikely that you will actually overpay unless you get close to 100% dividend (ie pay back all of the original debt) in which case any surplus over the actual debt will be shared among other creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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cerberus

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Post by cerberus » Fri Jan 23, 2015 10:25 pm
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Many thanks for your reply Foggy
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