Opting out

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garfield
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by garfield » Sat Jul 21, 2018 6:14 am
Hello there I was in a joint IVA with my ex however the money I owed was no more than £1500 and she owed 4 grand, we have recently split up and I want to opt out as I will be paying her debts for her.
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kallis3
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by kallis3 » Sat Jul 21, 2018 8:35 am
Hi,

It would have been an interlocking IVA and you should now get in touch with your IP and ask them to separate them. Did you have any joint debts?
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Foggy
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by Foggy » Sat Jul 21, 2018 8:38 am
As Kallis says, you will each have your own IVA, but they have been made "interlocking" --- treated as one. They can be seperated and each can continue on their own, with each of you making your own payments.

To be honest, I am surprised that an IVA was even proposed at the start for such a low level of debt. Might I ask which firm you are with ?
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