joint IVAs

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angela18

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Post by angela18 » Fri Mar 14, 2008 7:14 am
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If me and hubby are going into IVA together, is it proposed as a joint IVA or are we put in as individuals with one payment at the end?
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
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Adam Davies

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Post by Adam Davies » Fri Mar 14, 2008 7:19 am
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Hi
It's two seperate IVAs that will be interlocking and paid with one monthly payment and your joint income used to determine this payment
Regards
Andam Davies
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angela18

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Post by angela18 » Fri Mar 14, 2008 7:21 am
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thanks Andy, just wondered what happens in this instance if one isn't agreed? think having another worry day!!!
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
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MelanieGiles

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Post by MelanieGiles » Fri Mar 14, 2008 8:25 am
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In the unlikely event that this will happen, the IVA will be rejected but his may not stop the other party proceeding if they still want to - with their own IVA. The rejected party can then consider whether a DMP or bankruptcy proceedings are the best way forward.
Regards, Melanie Giles, Insolvency Practitioner
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