Can I go down the route of IVA separately

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andrew l

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Post by andrew l » Sat Aug 16, 2008 1:27 pm
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Me and my wife are in debt, and me also separating in time once the boys are sorted in two years time.
Me have remortgage, have three loans, credit card to the max and over limit.
Can I go down the route of IVA separately to the wife, I own £45,000 and the wife the same,plus mortgage.
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kallis3

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Post by kallis3 » Sat Aug 16, 2008 1:32 pm
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You can have a separate IVA. Are any of the loans joint, and is your wife going to be doing one as well?
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
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MelanieGiles

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Post by MelanieGiles » Sat Aug 16, 2008 2:46 pm
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If I read your post corectly - are you saying that you and your wife may be separating in two years time? If so, then you need to be careful about entering into a long winded and structured debt repayment which might be jeopardised in the future - especially if you are going to be funding the cost of two homes and paying child maintenance.
Regards, Melanie Giles, Insolvency Practitioner
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