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Posted: Fri Mar 14, 2008 7:14 am
by angela18
If me and hubby are going into IVA together, is it proposed as a joint IVA or are we put in as individuals with one payment at the end?
Posted: Fri Mar 14, 2008 7:19 am
by Adam Davies
Hi
It's two seperate IVAs that will be interlocking and paid with one monthly payment and your joint income used to determine this payment
Regards
Posted: Fri Mar 14, 2008 7:21 am
by angela18
thanks Andy, just wondered what happens in this instance if one isn't agreed? think having another worry day!!!
Posted: Fri Mar 14, 2008 8:25 am
by MelanieGiles
In the unlikely event that this will happen, the IVA will be rejected but his may not stop the other party proceeding if they still want to - with their own IVA. The rejected party can then consider whether a DMP or bankruptcy proceedings are the best way forward.