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Husband' old debt

from Carolyn Preston (carolyn.preston@ntlworld.com)
My husband had a house repossed about 8yrs ago (before l met him). We have been married for 5yrs. In oct of 1999 we started to get letters from Eversheds saying that they had been instructed by Nationwide Building Society to recover a shortfall of £40,357. These letters were ignored by my husband untill they started to get insistant and mostly through sheer terror of the unknown we caved in and replied. This was followed up by filling in an expenditure form and making an offer of £10 per month. This was at first refused but was later accepted when we told them to go ahead and take him to court. We have know been sent a further form to fill in listing our finances and we are not going to fill it in. My husband does have a job, but we have a young family (including a terminally ill child) and l am terrified that we will be left on the bread line if they want more money or taken to court or imprisoned. Please advise us what to do ,l know that we have not helped matters by making the offer to pay and paying this for 8mths. My Husband paid £26,000 for the house it was sold for £13,000 and they say he owes £40,357. Thanks
(posted 8470 days ago)

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