www.iva.co.uk

is this done just for an individual or are married couples taken together as a joint iva

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

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

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http://www.supersonicsquirrel.net

Credit Today Awards 2007 http://www.credittoday.co.uk/awards/winners.htm