scared about attending a meeting or Court

[k.r]

Is there such a thing as a joint IVA - where my and my husband can do it together?

Also, I am scared about attending a meeting or Court - is this likely to happen?

[MelanieGiles]

There is no such thing as a joint IVA - but what you can do are single IVAs which are mutual and interlocking. This means that your debts are combined together, and you make one payment jointly which is distributed evenly amongst the creditors at regular intervals by the insolvency practitioner you choose to act for you.

You will not be required to attend a meeting of creditors or Court, but your IP may wish to meet with you personally if you are self-employed. If not, and if your case is simple, then there is no reason why this cannot be conducted across the telephone.

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

[iva experts]

Hi k.r and Welcome to the Forum,

Unfortunately there is no such thing as a joint IVA, you and your husband can do a joint IVA proposal but both your creditors and his creditors will vote separately, this is due to an IVA being Individual.

An IVA is not like bankruptcy in the sense that you have to go to the courts, you will have a meeting with you Insolvency Practitioner (Supervisor) but most times this meeting happens over the phone.

Have you spoken to any debt solution companies as yet to see if an IVA is best for you? Do you know your total debt amount?

Best Regards. IVA Experts