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Posted: Fri Jan 30, 2009 11:44 pm
by nun
Is a joint IVA possible ie Husband & wife. Or are single IVA's a better option?
Posted: Fri Jan 30, 2009 11:48 pm
by lost
joint iva`s are possible me and my wife are in one, both incomes will be taken into consideration if it is single anyway i am no expert they will be along shortly to advise
Posted: Fri Jan 30, 2009 11:50 pm
by Lisa2009
It wouldnt be a joint IVA as such but the 2 would interlock
Posted: Sat Jan 31, 2009 12:17 am
by MelanieGiles
It is a commonly held view that IVAs for husband and wife are actually "joint", when as Mrs Skint confirms they are actually Individual - but have a linkage in terms of a combined payment being made and all creditors receiving the same dividend.
IP's should always propose IVAs individually if they present a viable option.
Posted: Sat Jan 31, 2009 7:45 am
by luluj
We are in an interlocking IVA and have been from the outset - both sets are individually looked at and then assessed against your income to reach an agreeable payment each month for creditors.
It can be quite nerve racking at the creditors meeting, as both need to pass for the IVA to be approved. If did and one didn't then the one that didn't would need to consider alternative such as a DMP or Bankruptcy - however, cling to the the thought that the IP representing you, would not have entered you for an IVA had they thought it would not be approved !
Good luck !
Posted: Sat Jan 31, 2009 1:49 pm
by kallis3
We make seperate payments to ours, two standing orders each month for differing amounts.
Posted: Sun Feb 01, 2009 1:21 pm
by David Mond
There is no such thing as Joint IVA's they are individual per person but might be interlocking with one joint payment made to cover both.