If both of you are "named" in an IVA this means you each have one (there are no "joint" IVAs) --- they are probably interlocking so as to be treated as "one" and so the compensation of one will be shared with the other (just as your incomes were amalgamted at the start of the arrangements.
Does any of this change how it may be viewed? Many thanks.
There would be a strong arguement to ask creditors to allow settlement in view of there being no income going forward, indeed, as income has dropped, your current payment should be looked at and, possibly, reduced.
But this is a matter that needs to be discussed with your own IP with the large element of discretion involved.
Hopefully one of our industry experts will comment further and, if need be, put me right.
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