Hi my husband has an Iva. He has left me and wants a divorce. Will I be responcible for half the debt ?
Will he have to pay the original debt amount when he receives his divorce settlement? Or will they allow him to carry on with the monthly payment agreed?
His debt is 40k paying £130 a month for 6 years .
Divorce settlement around 60k thank you
Do you have any joint debts apart from a mortgage?
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
If you paid him a settlement it would fall into his IVA under the windfall clause and would have to be paid over unless and until all of his debts, costs and interest were paid in full so effectively you may well end up paying the joint debts off/his debts in a circular fashion through any settlement you pay him..