Partner in debt crisis

Hayles2

Thanks for replying RAS. She knows him well enough he would never attempt to do that, however desperate, but I agree he needs taking off the joint account. His bank has said they both have to attend, she said her branch said the same and they've done nothing about it since.
Reading up on it, I think she would need to reopen a sole account as the business is ran through it, it is likely a lot of hassle to deal with on her part, which I think is why it's been left so long? 

Hayles2

Enthusiasticsaver. 
She is aware he sees all the ins and outs.

WYSPECIAL

CSA hasn’t existed for years snd was replaced by CMS.
CMS don’t get involved unless you apply for them to make an assessment and even then the collection service is an extra that has to be paid for.

HampshireH

If he was that keen to remove himself from the joint account he would have taken a days leave gone to the town with her and done it. It sounds like they are on speaking terms to some degree.

Very kind of from the boss. Whilst his mental health is fragile much is caused by the debt it would seem. Could he perhaps accept every other Saturday or Sunday so he still has the balance but he earns a little bit more with that going straight on the debt.

You haven't said if he is on the deeds and owns the house or what money he has put into it. Perhaps its time he needs to be having a conversation about her buying him out.

She will be like a ball and chain until he cuts all financial ties. All very well until he wants to move on in life.... which is now. 

If he isn't going to benefit from the business why is he still involved. 

Hayles2

Sorry, yes CMS. You are correct also in that there is a collection fee.
They were involved after a fall out 2 years ago.

Hayles2

HampshireH
I agree with everything you've said. 
The house purchase was 2 years before they separated, I've never asked what he put into it or if he is on the deeds, I would assume he is. They rented before that. 
He has always maintained it is better to be on the good side of her than the bad, whatever that means. Maybe something he's not telling me, but either way, I'm beginning to feel as overwhelmed as he will be. 

WYSPECIAL

Hayles2 said:

Sorry, yes CMS. You are correct also in that there is a collection fee.
They were involved after a fall out 2 years ago.

She will be paying for the collection service too so in her interest to come up with a private agreement as well as your partners.

She can stop using their services and say that she doesn’t want the arrears collected at any time she chooses. Using them is a choice not enforced like in the early CSA days.