www.iva.co.uk

My meeting is 13th dec. One part of my debt with with an ex partner. Although we are joint and severally liabile, the whole debt has gone into my iva. We have a gentlemans agreement that we both paid half by standing order.

I am wondering what to do as i have spoken to my iva people to see if they would write him a letter and they said they will not- what shall i say to him as i presume NR will write to him and ask him for the rest of the payment. But will they if the whole debt figure has gone into my iva?

Dont know what to say to him- if anything - i dont speak to him and i know this will damage his credit file. advice needed

If it's joint he'll be liable too and I'm sure NR will contact him in due course.

Hi Anne,

It is up to you whether you mention anything to him. He will find out sooner or later. Depends on how well you get on as to whether you tell him now or wait until he finds out.

He will be liable for the whole amount and NR will contact him.

As the others have said, it depends how you feel as to whether you tell him or not. As Jan said, he will be chased for the whole debt, and the whole debt will also be in the IVA. Between you though, you will only ever pay the sum owing (if that makes sense!!). So between whatever he pays and whatever you pay once the debt is repaid that will be it. A lot of people think it will be 50% and 50% between you but it's not how it happens.

If you feel bad, could you write him a letter to warn him of what is happening so he doesn't get a nasty shock? Either way it doesn't matter, you are taking control of your finances and no-one can blame you for this.

i'd write to him,keep it simple.

I'd write to him.

He will be liable for the full monthly payment now and needs to be aware before the account falls into arrears so he can decide what he wants to do. It may be that he needs time to arrange his financial affairs so he can meet payments or enter into a debt plan of his own.

I am in the tell him camp too. Better to find out from you than from the lender!!

Paul

I would write to them aswell, better it coming from you than the creditor.

I would go with the others and let him know ...think about how you would feel if it were on the other foot !

I think I would tell him as well - you don't want to antagonise him unnecessarily. It is up to you though.

I'm with most of the above tell him. One of the things I was surprised at when I first went into this was that a joint debt isn't 50/50 if one can't pay the other has to pay the full amount. I don't know if you're aware of this.

My IVA is in my name as all the debts were in my name apart from an o/d which was in joint names, as soon as I went into the IVA he was liable for the full amount.

I would tell him.
Know it can be hard, had to talk with (ex)to be wife, about going into my iva as I would not be able to help her as much.
She was fine about it, as long as I keep paying for our sons.
she has how filed for a divorce, so sons payment are coved. which im happy about.

I would tell him, better to get things out in the open, worrying about telling him might be worse than actually doing it.

Hi

They will chase him for the full debt even though the full debt has been included in your IVA

Regards

Little fi, what happened to your ex? i noticed that you had a joint debt with your ex- how did you tell yours?