Hello, my husband has an interlocking IVA with his ex partner. This started in 2012. But we are starting to run into problems. Not through any doing of our own.
Basically we have just found out his ex hasn't been making payments and it is now in arrears. On top of that she added car finance to the IVA without my husbands knowledge. He was never made aware of this and is angry as the debt was never in either of their names it was in her dad's name so unless she's committed fraud somehow how was she able to do this? This has of course extended the IVA for another year. All of which he only found out a few days ago. His IVA company do take there time to relay information.
On top of this his ex has received a huge windfall (inheritance) and hasn't notified the IVA company. We are not sure if she put it in someone else's name to hide it or not. But it did eneabke her to put half the money down on a shared ownership house. Something that the IVA company are totally oblivious too. May I also add she hasn't completed an income review for the last 2 years.
My questions are is she likely to be in serious trouble and will it affect my husband as he is in an interlocking IVA with her
I think your husband needs to talk to a solicitor who specialises in insolvency and iva matters to see where he stands.
Lisa Thomas who is an iP posts on here but only during office hours maybe be able to point you in the right direction.
Good luck
Today 1st of December 2016 the vultures finally flew away
I would attempt to get the IVA's unlocked and carry the one on independently. If hers fails it could lead to the automatic failure of the other, depending upon how they were drafted. !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Thankyou for the replies so far. Hopefully an expert can come on and point me in the right direction. My husband is sick with worry bless him. One thing after another with his ex. #128529; Lol
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Brown1992
How to I get back to this topic more easily by the the way? Been scrolling through looking lol
Keep a not of the thread title "My husband has an interlocking IVA with ex partner who has not complied with it's terms" --- click on "See the top posts (all)" and it should be near the top if recently commented on.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It should show up when you look at last 250 posts or you can subscribe to it for notifications and the link is at the top of the page.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Your husband should seek a meeting with his IP and look to have the IVAs severed. He could then pay his own at whatever was affordable and let his ex partner deal with the supervisor herself. This is not uncommon and could be the best way forward. At least then if there were issues of non compliance by his ex these would not impact adversely on him.
