Hi, my husband and I recently divorced, he completed his Iva 3 months before our financial settlement was agreed and I paid him 27k to keep myself and children in the family home. I am worried if IVA company find out they will want funds from me. Could this ever happen? Should he have informed them? IVA was in his sole name, all debts solely in his name (I did not know about many of them)
If you were nothing to do with the IVA then you should be ok.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
His IVA liabilities come from his share of the finances, not yours. You need have nothing to do with it. However, there is a chance that a restriction would have been placed on the title to the family home and you do really need to make sure that this is no longer there, as you will not be able to sell the property with it in place and the longer things drag on the harder it will be to deal with in the future.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Thanks Foggy.
I have had restriction removed, it was advised by divorce Sol, it was either transfered to his sole property (negative equity) or it happened as he repaid iva slightly early.
Thats a relief.
Should he have advised IVA company of his settlement?
Thu Aug 08, 2019 5:12 pmdenise695 wrote:
Thanks Foggy.
I have had restriction removed, it was advised by divorce Sol, it was either transfered to his sole property (negative equity) or it happened as he repaid iva slightly early.
Thats a relief.
Should he have advised IVA company of his settlement?
Regards
I assume that the matrimonial proceedings started before his IVA was finalised and the settlement ordered after. There are arguements either way as to whether it was reportable to his IP. But if he should have and didn't it will be his problem to deal with if found out.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
