Me and my husband are considering taking out a joint IVA as we both have our own seperate debts. Is this possible and also, we want to know who are the best company to go with that don't charge any upfront fees?
Hello and welcome. Most companies don't charge upfront fees, these days. Best bet is to pop over to www.iva.com and have a word with a couple of the firms represented there. Always best to chat to more than one to get a feel for how they operate and find one you gel with.
As for joint IVA's what they will offer, if it is the best way forward, will be two interlocking IVA's --- but best to take advice before deciding on that one.
As for best company -- as well as the link above, have a cruise around the forum where you will get a feel for how some companies operate.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi and welcome to the forum. The link above is a good starting point to choose 2 or 3 companies to talk to. Lots of posters here with various companies and I'm sure some won't mind saying who they're with. I've recently completed an IVA with Melanie Giles who posts on the forum and there was no problem at any stage for me.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Most firms do not charge up front fees and you will be advised what is best for you both. You can do a proposal together but first the IP firm will look at you as individuals because an IVA or bankruptcy may be approporiate for one but not the other.
Joint IVAs should only be used if neither of you, or one of you, could not sustain to make a sensible contribution in your own right. This is especially the case where there are no joint debts, as individual creditors in both estates might receive an unfair distribution.
I would have a chat with a couple of firms, to see which one you feel most comfortable with, and I would try to have a chat with the IP directly if you have any concerns as to the best way your cases might be presented.
