joint iva

3 posts Page 1 of 1
Post Reply
 
 

jake.m

User avatar
Posts: 1
Joined: Tue Aug 21, 2007 8:26 am
Location:
Post by jake.m » Tue Aug 21, 2007 8:28 am
Quote
is this done just for an individual or are married couples taken together as a joint iva
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Tue Aug 21, 2007 8:36 am
Quote
Hi jake and welcome to the forum

There is no such thing as a joint IVA, but you can propose mutual and interlocking IVAs which are dependent upon one another and where you just make one combined payment each month. Both sets of creditors then share an equal dividend from the "joint" pool of money.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

iva_squirrel

User avatar
Posts: 647
Joined: Mon Apr 17, 2006 10:32 am
Location: United Kingdom
Post by iva_squirrel » Tue Aug 21, 2007 8:36 am
Quote
Good morning Jake and welcome to the forum,

Many couples seek the relief that can be realised by undertaking a joint IVA proposal to deal with their combined debt issues.

The IVA process is not different than that involved in undertaking a single IVA proposal other than all of the couples debts are brought into the equation.

The income and expenditure assessment would also take into consideration the earnings of the couple together and this would form the basis of the IVA proposal to their creditors.

Kind regards,

Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

Credit Today Awards 2007 http://www.credittoday.co.uk/awards/winners.htm
Last edited by iva_squirrel on Tue Aug 21, 2007 8:37 am, edited 1 time in total.
Top
Post Reply
3 posts Page 1 of 1
Return to “IVA postbag for august”