There is no such thing as a joint proposal but many proposals are done as interlocking. It may be that two IVAs would not be best advice and any IP will look at each of your circumstances on an individual basis before giving advice.
It depends on the level of debt, equity, income etc and it is not unusual to find one party can repay their debts while the other needs some form of help.
Hi Ken - we have seen a number of times where a couples debts can be covered by two separate IVAs however this is only where sufficient disposable income is available for each party but it not enough to cover their normal monthly payments.
In other cases an interlocking IVA proposal is put forward to cover both lots of debts or an IVa is approproate for one party and a Debt Management Plan for another.
As the others have said speak to a couple of different companies to compare what you are told and to make sure you are happy moving forward.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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