can i have a iva without my husband finding out?

[d_c]

can i have a iva without my husband finding out?

[neverending]

Hi
Yes this is possible,however if you own a property jointly then you may have to release some of the equity in it ,as part of your IVA agreement, and your husband will have to know.
Regards

[MatthewHolt]

furthermore if you do own a property when you IVA is accepted your Supervisor would have to put a restriction on the house a notice of which goes to all parties (including your husband) its unavoidable.

[accgroup]

Hello

It is possible to do an IVA without your husband finding out, but I would advise that it is much better to tell your husband about your financial affairs than try to keep an IVA secret.

In calculating your monthly disposable income it is likely that your advisor or IP will want details of your total household income (i.e. including confirmation of your husband's income). Also you will be asked to provide copies of bank statements - could this be a problem? Do you have a joint account? If you have joint liabilities with your husband (e.g. joint loans, joint overdrafts, mortgage, utility arrears) these all have to be disclosed on your IVA proposal and therefore your husband is likley to be contacted directly by any joint creditors you have.

I also agree with the above comments regarding property that you own.

It is possible not to tell him but it would be a lot easier for you if he knew and gave his support to the IVA.

Hope this helps

AccumaGroup - A large insolvency practitioner service based in Manchester.
www.accumagroup.com

[OliverDowning]

If you do not want to look at the legal agreement due to the above reasons, the is an alternative solution that is flexible, confidential and fast acting. Its called Debt Management. I agree with all the above but you must consider all options before making your mind up.

No Fee IVA and Debt Management Advice. Do NOT pay upfront fees. Free Face to Face appointments, Just the facts 0870 0948040, www.insolvencynetwork.co.uk

[Skippy]

The problem with debt management is that the interest is unlikely to be frozen and the DMP can last a lifetime in some cases.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[aguise]

I agree with skippy a dmp is ok for the short term or if your debts arent that large, but over the long term it can take years to pay off, and there is no protection from the creditors they can still ring and can change their mind at any point.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/