www.iva.co.uk

Hi just found this website.
I am worried about my best friend, her partner run up a lot of business debts, which are in his name however they have a 6 year old together and they lived together in my friends house (In her name only) up until last year when they sold up and moved in to a much bigger house, which is only in her name again.
It was roughly about the same time of the move that her patner applied for an IVA which he obtained,not sure how or many details. I have always been worried that because of the cost of her new house (paid a lot of cash) that the creditors might be able to claim from or put a charge on her house. Can that be done and wouldn't the creditors think it was strange that they could afford to purchase a house for cash costing £400+ even if it is my friends name only. She has a really good job and they have been together for nearly 8 years however I will admit that she is besoted with him. But im worried for her and her son. please can anyone put my mind at ease. Thanks

Hey rusty99, welcome to the forum. If your friend's partner is in an IVA for all his own debt then the creditors can't come after your friend. Please wait for the experts to advise about the house. X

So long as he maintains his payments into the IVA, your friend's house should be completely intact from the claims of his creditors. I just hope that he made honest declarations to both his IP and his creditors as part of his IVA proposal - but assume that they money that was put down as the deposit on the new house was just your friends.