Hi
There is no such thing as a joint IVA. However, it is common to present 2 IVAs together - typically for husband and wife - based around a single monthly disposable income payment. In order for this approach to work, the creditors will have to accept both IVAs.
You will definitly need to discuss this in detail with an expert. If one party's debts are very small, it might be better for them to remain outside the IVA and continue to make their monthly payments or go into a DMP.
James Falla
Expert in IVA, Bankruptcy and informal Debt Management solutions, with extensive experience of solving personal debt problems over the past 10 years. My book, "IVA, Bankruptcy and Other Debt Solutions" was published in 2006. I have made numerous TV and radio appearances including BBC1 News, BBC News 24, Radio 4 and Wake up to Money.
Visit my blog at:
http://jamesfalla.blogs.iva.co.uk
