www.iva.co.uk

IF I TAKE OUT A IVA ON DEBT I HAVE PERSONALLY INCURRED WILL MY HUSBAND NEED TO KNOW.

Hi mar

Well not strictly so, but I would always advise people in your situation to share that with their partner. You will need a lot of support whilst in an IVA, both financial and emotional, and that will be tricky if your husband is not aware of the situation.

If you own a property jointly, then he will definately have to be told, as you will likely be asked to raise your share of the equity at some stage during the IVA. Your husband will need to confirm to your Nominee (the IP acting for you) that he is in agreement with this.

I have dealt with many clients in a similar situation to you over the years, and trust me they have all said that they feel so much better when they have told their partners about their difficulties.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Hi
Just to add to Melanies advice,five years is a very long time on a strict budget and you will need support both emotionally and possibly financially from your husband.
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp