I am currently obtaining my documents for an IVA. I have a joint bank account with my partner but it is only me that is applying for the insolvency.
However, there are transactions on our bank statements for gambling sites that he has used. Will this affect me when I submit my last 3mnths worth of statements?
You might need to convince your IP / Creditors that these entries are not yours. You should also open your own seperate bank account and remove yourself from the joint account as your IVA could affect the credit records of anyone you have any joint account with.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
I agree with Foggy - disassociate yourself from any joint accounts and keep your finances separate.
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
Definitely get yourself off any joint accounts before an IVA as they will likely be suspended or close which may mean your partner not being able to access their own income, plus of course as mentioned above, the risk of credit impact
Even if your partner is a sensible gambler, in control (many people are), the creditors will realise that gambling is different to the way it was in the 70's and 80's. Its now all day, 24/7 and available everywhere. And in the wrong hands, very dangerous, think we all know this as we probably all know someone who has a problem. Definitely not the old two bob each way on the National anymore. It could send alarm bells ringing.
I've been writing a book on the subject for the last 12 months and its still not finished. Complex stuff.