Where do I stand?? I am worried sick.

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sandra-s

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Post by sandra-s » Tue Oct 30, 2007 1:12 am
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I have just found out that my estranged husband has an IVA. I have now received a letter from a debt management company demanding payment for a joint loan which was taken out when we were together 4 years ago. Where do I stand?? I am worried sick.
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MelanieGiles

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Post by MelanieGiles » Tue Oct 30, 2007 8:47 am
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Hi sandra and welcome to the forum

As the loan was taken out on a joint basis, both you and your husband are jointly responsible for it under the principle of joint and several liability. You will need to come to an arrangement to make payments to the loan company to avoid them taking legal action against you. I suggest that you work out what you can afford to pay and make them an offer.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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