I now find out that she's got an iva for 32k (apparently) in her name and this loan is part of it I assume.
We are going to get Divorced as I said at some point and when I ask her about the iva and the loan, she ignores me and won't answer, says its none of my business and expects me to carry on paying.
I don't see how she can have an iva for that much anyway, but I could do with opinions on the following please.
Do I need to keep paying her half the loan bearing in mind its in the iva? I've been paying itut of good will as we were together. Now we are not.
How do I find out how much the iva is for?
I don't want to do a financial statement when we divorce as I can't afford one.
Any ideas please?
MerlinL14 wrote:If this was a joint loan in both your names then the creditor will expect you to fulfil the full amount of the repayment plan not just 1/2 even thought he loan would be accounted for in the IVA. If she was the sole signee then you have no legal obligation other than a moral one.
Thanks, she claims as the loan was something for us together, I should pay, but that was for about 10k, I know she has an iva, I checked online, but as to the amount I can't see.
She said its for 32 k but I don't know where that figure came from and I don't know how true it is as when we separated, we had no loans or debts I knew of in February, this only came to light in October when she tried unsuccessfuly to take me to family court over another matter.
I suspect she's been a little generous in the paperwork she put into the courts not realising that I could check if I ask for a financial declaration, which I don't want to have to do (protecting her a bit and also myself possibly)
If the debt was joint, or you guaranteed it then you will be liable for the full amount.
Several times you state. you dont know how she got an iva for that much and that she has mislead company.
You dont ‘get’ an iva for a set figure. It is not a loan.
She would have had to go through finances with finetooth comb, provide evidence by way of current statements to prove debts, IVA company would have contacted creditors to confirm amounts and check her credit file. She either acquired debt after you seperated or had it before but kept it a secret.
The amount is based on total debts and what she repays based on income/expenditure and many other factors.
The loan you mention will be looked at depending on whos it is (her single loan in her name only, or joint). It is irrelavant how much it was for or what it was used for. All they look at is whos name/signature is on application.
If solely hers and is included in the iva then it is not your responsibility to pay now.
Are you paying "your half" as currently agreed direct to her ?? If so this could open a can of worms as she is actually making no direct payment of this loan herself and could be using your payment to simply supplement her income.
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