is there a "joint" IVA

6 posts Page 1 of 1
Post Reply
 
 

stuart.b

User avatar
Posts: 1
Joined: Sun Jun 01, 2008 10:44 am
Location:
Post by stuart.b » Sun Jun 01, 2008 10:44 am
Quote
Hi,

I've been living with my Partner for over 5 years, we have one child, live in rented property and have full time jobs.
We both have high levels of individual debt, and we are unable to meet repayments.
An IVA appears to be the best solution, would we have to apply for this individually or is there a "joint" IVA we can apply for and combine our debts together? Our total debt is £40k

Thanks,

Stuart.
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77175
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Sun Jun 01, 2008 10:55 am
Quote
Hi Stuart, and welcome to the forum.

My husband and I have what they call 'interlocking' IVA's as we have several joint debts as well as the ones in my name only. They are separate ones though. I don't know if you can do a joint one. I am sure one of the experts will be along to help you shortly.
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
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Sun Jun 01, 2008 3:09 pm
Quote
Hey Stuart, welcome to the forum. As Kalis has said you can have both your IVAs interlocking but you would both have to propose seperate IVAs. At present that's why they are called Individual, but maybe in the future they might introduce a joint one, who knows. Good luck and keep posting for advice and support. Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

angela18

User avatar
Posts: 2668
Joined: Wed Feb 06, 2008 6:04 pm
Location: United Kingdom
Post by angela18 » Sun Jun 01, 2008 3:17 pm
Quote
me and huby have individual IVAs with interlocking payment.. so our IVAs were done separate but we pay as one.. hope this helps
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
Top
 
 

Skippy

User avatar
Posts: 20720
Joined: Sat Oct 21, 2006 6:08 pm
Location: United Kingdom
Post by Skippy » Sun Jun 01, 2008 3:35 pm
Quote
There is no such thing as a joint IVA, although as the others have siad it's possible to have two IVAs interlocking into one payment.
Top
 
 

rachellxx39

User avatar
Posts: 299
Joined: Sun Nov 11, 2007 4:40 pm
Location: United Kingdom
Post by rachellxx39 » Sun Jun 01, 2008 4:48 pm
Quote
My hubby and i have interlocking ivas .We had our ivas approved in JAN 08. Our income and debts have been included together.
Top
Post Reply
6 posts Page 1 of 1
Return to “postings for june”