There is no such thing as a joint IVA. Each case is treated individually and it is not uncommon for only one party to need an IVA and the other can repay their debts as normal.
If both parties are insolvent it is possible to do interlocking IVAs and make only one payment or you can each do separate IVAs.
Hi Deco - for you to know the full facts about all of this it really is important you speak to professionals about your options. We have some fantastic forum members on here who can give you details about their own experience but that would not necessarily reflect what would be true for your circumstances. Best to get the facts from the professionals but of course use everyone for as much support as you need.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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For you to contact someone off forum is fairly straightforward.
Go into your profile and you will see a box about adding a Frugal Friend. Click on the drop down menu and then scroll down to the person you want and then add them. If they do the same then you will be able to send a message to them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I think we now have a fair few forum members from Northern Ireland who post regularly, so hopefully you can communicate with them both on and off the forum.
It is a great idea to get some first hand experience from people in IVAs - something which most IPs would claim to know a lot about, but rarely have we ever had to live through one ourselves.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Not you Mel - you're way more sensible than most of us!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I am from NI. We started the ball rolling for our interlocking IVA in Nov 09 after realising we could no longer pay for the simple things. CAB referred us to Grant Thornton and our IVA was accepted on 3 Feb 10. I'm very pleased with how its going, we have enough money for the necessary items and even when our car had problems in June we were able to take a payment break to repair it. There is a change of lifestyle but I am more relaxed compared to last year, I know my bills are being paid to an extent!
Add each other as Frugal Friends and you will be able to. Please don't post any contact details on the forum itself as it's not allowed.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
