Hello,
Me and my wife considering to apply for IVA, but I have some questions before I go further.
Both of us have debt, but none of them joint account. Some creditors had been payed off already. Consolidation loan would be better option but actually it is hard to get now days.
Is my credit file will be affected if only my wife apply?
Is the applicants need to settle all the credit accounts even if some payed off?
Best to have a meeting with an IP to discuss through your options. It also depends on what assets you have and your disposable income. find an IP in your local area and set up a meeting - most good ones will not charge you.