Kerryiva wrote:Its a joint iva, he has enough voted from his creditors but i dont from mine. Over all we are at the 75% but they said it has t be 75% of my creditor and 75% of his creditors. Is that right? Ta
It is not "joint" -- you each have your own IVA. If you have been making one payment each month they are likely to be "interlocking". They could be seperated and one closed early on a F&F while the other continues, but IP's are reluctant to do thisand, I imagine, creditors would have to agree also.
Kerryiva wrote:YES I doubt they could do this as i do not have any income apart from child benefit , so he could end his side but how would that leave my side to work? Surely they would still calculate as a couple we could afford to pay the same as what we paid on both? Or will his income be seperate then?
If the IVA's were seperated then each would be calulated on each persons income. However, this would leave your's on thin ice as your income would not then support your IVA.
Who is onlineUsers browsing this forum: No registered users and 28 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location