www.iva.co.uk

i have a morgage with my wife but do not want her to be included in the iva, we have seperate accounts etc what is the best solution

When setting up an IVA your wife will need to provide her income details so that an assessment can be made to ensure the bills are fairly paid across both of you - she will not need to be involved in the IVA otherwise.
You may have an equity release clause built in for the latter stages of your IVA (year 4) - at this stage you would be expected to release some of the equity into the IVA for creditors - this is standard. Your wife will need to be aware of this requirement from the outset.

If any of your unsecured loans are joint ones, be aware that if your wife is not in an IVA she will be liable for the whole of the debt, even though your half will be included.

Not only will your wife need to be aware of the equity release provisions, she will have to formally agree to raise further monies at the end of your IVA if there is sufficient equity in the property.

Has she benefitted at at all from any of your debts, or was the money you borrowed spent entirely on yourself?

Actually she would have to agree to you raising further monies from your equitable share in the property not hers. This would be restricted to 85% of your interest and subject to Loan to Value at the relevant time - usually in the final year (5th) or your arrangement.

You will probably find as well that there is a restriction placed on your house so that you cannot sell it without permission of the IP. Your wife will obviously have to agree to this as well.