My wife and I have IVA's, now we are separated

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Adrian.ay

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Post by Adrian.ay » Mon Sep 27, 2010 2:16 pm
Hi, my wife and i have IVA's taken out at the same time. We are now seperated and i want to go Bankrupt.Will my wife have to as well? or can she carry on with the IVA.We make one joint payment. Thanks
 
 

kallis3

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Post by kallis3 » Mon Sep 27, 2010 2:19 pm
Hi Adrian and welcome to the forum.

You will need to speak to your IP. You can seperate your IVAs and your wife doesn't have to go bankrupt as long as she can maintain her IVA.

Is there a property to be considered?
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
 
 

Michael Peoples

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Post by Michael Peoples » Mon Sep 27, 2010 2:31 pm
If there is no longer a surplus as a result of running two properties, creditors may accpet what has been paid to date as full and final settlement. As Jan says, speak to your IP who will have the full facts of your case.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Adrian.ay

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Post by Adrian.ay » Mon Sep 27, 2010 2:31 pm
Hi thanks for the swift reply.There is a house with morgage and secured loan so prob in negative equity.i live in the house but quit happy to see it go.
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