joint debts but no longer together, can I do IVA ?

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kim.w

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Post by kim.w » Sun Jul 06, 2008 8:17 pm
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Hi If my debts are n joint names, can i still do a iva even if i am not with the person anymore?
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Adam Davies

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Post by Adam Davies » Sun Jul 06, 2008 8:22 pm
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Hi
Yes you can,but take the full debt into account[not half] for joint debts.
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Andam Davies
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kim.w

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Post by kim.w » Sun Jul 06, 2008 8:51 pm
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so does this mean that he will get away with the debt if i go this option would bankruptcy be best option then?
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Adam Davies

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Post by Adam Davies » Sun Jul 06, 2008 8:56 pm
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Hi
No he will be chased for the full debt also.You are both jointly and severly liable for the full debt so even if you opt for bankruptcy he will still be liable.
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Andam Davies
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kim.w

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Post by kim.w » Tue Jul 08, 2008 11:48 am
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Can you still conitnue with a iva even if on maternoty leave
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MelanieGiles

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Post by MelanieGiles » Tue Jul 08, 2008 12:14 pm
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So long as you can maintain the required level of payments, or agree a reduced rate with your supervisor.
Regards, Melanie Giles, Insolvency Practitioner
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kim.w

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Post by kim.w » Tue Jul 08, 2008 1:07 pm
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ok thanks

is the supervisor the person who consolidates the iva
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kim.w

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Post by kim.w » Tue Jul 08, 2008 1:08 pm
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can we arrange to pay our own debts separetly so we are no longer tied together?
so many questions!
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MelanieGiles

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Post by MelanieGiles » Tue Jul 08, 2008 6:31 pm
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Yes - so long as you can afford to make individual contributions to your creditors.
Regards, Melanie Giles, Insolvency Practitioner
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kim.w

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Post by kim.w » Wed Jul 09, 2008 9:39 am
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is the supervisor the person who consolidates the iva
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