Would my IVA affect my partner if we got married?

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liam
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by liam » Tue Mar 06, 2018 12:27 pm
I have 14000 in debt from 3 loans and a credit card will going for a iva affect my partner if we where to get married
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kallis3
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by kallis3 » Tue Mar 06, 2018 12:44 pm
Hi,

As long as you have no joint finances you will be fine.

Speak to a couple of companies as you may not need an IVA - other options are available. If you have no assets, a DRO is one.
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Foggy
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by Foggy » Tue Mar 06, 2018 12:57 pm
£14k is a modest level of debt for an IVA, so do, as Kalis, suggests, explore the other options too.
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Ryan
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by Ryan » Tue Mar 06, 2018 1:08 pm
Hi Liam,

As Kallis says if nothing is in joint names currently then your partner shouldn't be affected.

I also agree with Foggy on the amount, it is quite low in the scheme of things for an IVA which will have a very long term impact on your ability to obtain Mortgages, etc so best to explore all the options available to you.

All the best.

Regards
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Keith White
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by Keith White » Tue Mar 06, 2018 5:48 pm
Definitely worth looking at all options - pros/cons of each. And no, your partner shouldn't be affected - so feel free to propose :)
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