Will my mom need to tell her husband

4 posts Page 1 of 1


User avatar
Posts: 1
Joined: Thu Nov 29, 2007 10:12 am

Post by laura.s » Thu Nov 29, 2007 10:14 am
Will my mom need to tell her husband of her debts if she goes for an IVA even though her name is not on the mortgage? Does this still have to be taken into consideration?

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm

Post by Adam Davies » Thu Nov 29, 2007 11:46 am
It is almost a certainty that your mum will be required to release some of the equity in the house and if so her husband will have to know.
How long has she lived there ?

Andy Davie
IVA.co.uk Spokesperson

About me:

IVA Helpline: 0800 197 4838
Andam Davies

iva experts

User avatar
Posts: 1271
Joined: Thu Apr 20, 2006 5:31 pm

Post by iva experts » Thu Nov 29, 2007 12:03 pm
Hi Laura,

How long has your mother been married to her husband? If it has been for quite some time and if she has contributed to the mortgage the creditors could argue that there is some equity to be released.

Your mother does not have to tell her husband, however his income will need to be proven by payslips, a valuation will need to provided and a mortgage statement etc.

Best Regards,
IVA Experts
Best Regards,
Michelle Pontes
IVA Experts


User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am

Post by MelanieGiles » Thu Nov 29, 2007 12:03 pm
Why is your Mum's name not on the mortgage? Is the property jointly owned?

And it is usually better for husband and wife to share their financial difficulties, as I am sure he will be very supportive.

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

To have me propose an IVA for you, please visit:

See customer feedback at:
Regards, Melanie Giles, Insolvency Practitioner
4 posts Page 1 of 1
Return to “postings for november”