Can you help?

[Patty O Fern]

I am thinking about entering into an iva, i am afraid my partner will be involved. all the debt (54,000) is in my name - except for one joint overdraft of £2000 with HSBC - does he have to be included?

[Adam Davies]

Hi
No he doesn,t,as long as he can maintain payments[in full] on the joint overdraft.Your joint income and expenditure will be assessed but apart from that your partner will be excluded.
Please post further info or questions and we will try and help.Do you own a house ?
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva.com]

Hi Patty,

If you are considering entering into an IVA you might find www.IVA.com useful. We maintain a list of IVA firms and Insolvency Practitioners and publish client reviews of their services.

We recommend looking at several IVA firms before choosing one to work with.

Good luck with finding the right solution.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp

[Cybus]

A lot really depends on how you are approaching this arrangement.
Is your partner going to be aware of the arrangement and if so is your partners income going to be included?
I agree that your partner does not have to be included in the arrangement.
However as the HSBC account is in joint names, I do believe that HSBC will have to be advised of any proposed arrangement, as one of your creditors.
You don't want to really think of NOT advising them as they will find out.
Ultimately it may well be down to them how they react to the news of a potential IVA. They could take deposits in to the account and freeze it once the account is back to nil and ask you to make alternative banking arrangements.



Tell it like it is.