Would we have to enter into separate IVAs

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s.and.b

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Post by s.and.b » Fri Nov 02, 2007 5:39 pm
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Our mortgage is in my husbands name only,we have debts in my name only,his name only and we have a joint credit card and bank account.Would we have to enter into separate IVAs or make a joint agreement?
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Jo Rolland

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Post by Jo Rolland » Fri Nov 02, 2007 5:43 pm
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Hi S and B

You would enter into separate IVA's as individuals.

How much debt do each of you have?

You say that the property is in your husbands name only, how long has he owned this property and how long have you been married? Also how much is outstanding on the mortgage and any secured loans and what is the value of the property?

Jo Rolland
Debt Alternatives
www.debtalternatives.co.uk
Last edited by Jo Rolland on Fri Nov 02, 2007 5:44 pm, edited 1 time in total.
Jo Rolland
Debt Alternatives
For free, ethical, impartial advice, please visit
www.debtalternatives.co.uk
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MelanieGiles

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Post by MelanieGiles » Sat Nov 03, 2007 12:13 am
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It is true that IVA are for individuals and therefore you will need to have one each, however with most couples (married or otherwise) it is usual to treat these as mutual and interlocking - and therefore they are commonly referred to as "joint" proposals.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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duff

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Post by duff » Sat Nov 03, 2007 9:17 am
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hi both me and my husband did a joint iva a yesr agoout depts went togeather
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