what would happen in the event of us splitting up?

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doodoo

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Post by doodoo » Tue Aug 21, 2007 11:47 am
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Hi
We currently have a joint IVA - what would happen in the event of us splitting up?

Thanks

Deb
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MelanieGiles

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Post by MelanieGiles » Tue Aug 21, 2007 11:56 am
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You could carry on making your IVA payments with both of you agreeing to pay a share of the contribution in accordance with your respective earnings, or ask your IP to formally separate the agreements and thus continue to pay individually. The second option may make either of the IVA's not viable, so take advice from your own IP if this unfortunate event arises.

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
Regards, Melanie Giles, Insolvency Practitioner
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iva experts

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Post by iva experts » Tue Aug 21, 2007 12:13 pm
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Welcome to the Forum Debbie,

It is possible that if you were to split up you could continue to pay into your IVA. The best thing to do if this does occurr is to contact your I.P to discuss the options available.

Best Regards. IVA Experts
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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