Just found out exh hasn't been paying a joint loan from ten years ago - in both names, attached to mortgage and none payment for 56 months!!! Owe 48 grand!! In court for a repossession order in 4 weeks!! 50 grand still on the mortgage and 8 grand arrears!! Spoke to all officials concerned. . I am liable for the debts tho have reasons and evidence to suggest he has done this maliciously to get me in massive debt. . Wtf do I do except seek legal advice. Or a hit man. .? Divorced ten years ago and he assured me he has taken over all debts. . . 3 x ds and he was adamant he kept house. No criticism needed at this time please. .
From recent experience i have learnt that if your name is on a joint account or loan then you are still liable for it, even years down the line unless you have a court order which is adhered to and states you have no financial liabilty on said account/loan etc. However, i am not an expert just very fortunately got a court order.
In the assets we got a car each and he stated he would continue to live in the house. I rent. Mortgage advisor today seemed to think I can argue the fact they allowed the debt to build up so much without action. . The debt is more than double the original loan amount!!
Am mentally preparing myself to go through all the paperwork. . Makes me feel physically sick to have to relive the whole bloody mess. . The loan was for a car that mysteriously set alight on a garage forecourt-electrical fault apparently. He didn't use the insurance to make any loan payments! Other times he had large chunks of cash and still never paid. . That's why I am suspicious of his motives. . Letter says we have to explain why it wasn't paid. I have to reaffirm I had faith he was paying reading between the lines with the advisor. Interested to hear his reply. .