However I was told that he would still be liable for the full amount even whilst it was included in my Iva. I told him this as he was in a financial muddle too and advised him to go for an iva too. No idea if he did or if he got chased for the full amount but my understanding is the solvent half will be chased for full amount as they are still liable.
leighton209 wrote:My Ex Wife whom we have been separated from for just over 2 years has just entered in to an IVA. We had a joint account with an overdraft of £1700. I have been told by her that she full amount is in her IVA in full. but I still owe it too. Could you tell me how this works, do I owe the full £1700 as well or just half £850. IF its the full amount how do I end up paying it if the account gets closed?
As the account and o/d was "joint and several", when she defaults you owe the full amount. less whatever she pays over to this creditors during her IVA. You need to contact the lender and make your own arrangements for payment.
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