What happens to a joint IVA if you get divorced?

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lisa.c

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Post by lisa.c » Sat Oct 13, 2007 7:34 am
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What happens to a joint IVA if you get divorced?
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poppy84

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Post by poppy84 » Sat Oct 13, 2007 9:14 am
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I was told on a previous post,that if me n my husband seperated then we could continue to pay the iva half each or we could get it formally seperated by the ip but usually one party is favoured unfairly by doing this.I was advised the best way was to pay half & half.Hope this helps
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Adam Davies

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Post by Adam Davies » Sat Oct 13, 2007 10:43 am
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Hi
You will actually both have an IVA even though they are proposed and paid jointly.
If you seperate you can continue to jointly fund the IVA until completion or ask your IP to see if you can seperately pay your IVAs
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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lisa.c

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Post by lisa.c » Sun Oct 14, 2007 10:37 am
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Hi, thanks for the replies, they are very helpful. I think our best option would be to continue to pay the IVA half each as we have 3 years to go, rather than get it separated just incase it starts to make things difficult if it gets unfairly done!
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