www.iva.co.uk

i have borrowed monies from our jointly owned house for various business purposes (my wife has counter signed ) but not been involved in projects could we count monies drawn as my share of equity already drawn in the event of iva/ bankruptcy with remaing equity belowing to my wife who will not enter iva

Hi Marcus and welcome to the forum

If you have proof that your wife has not benefitted from the additional borrowings taken out - ie she has not enjoyed the salary your business has been able to pay you as a result of the injection of this working capital, then you may be able to argue that this should be set against your share of the equity.

This is a fairly complex area, and you would be well advised to take advice from either an insolvency practitioner or lawyer in the first instance.