Can I do an IVA together with my partner?
 
You would imagine, as it�s called an Individual Voluntary Arrangement, that this debt solution is reserved for individuals who are facing mounting debt problems. However, there is a Joint Individual Voluntary Arrangement that permits two people to merge their debt and use the strength of their combined resources to qualify for a Joint IVA when a single Individual Voluntary Arrangement would prove to be unaffordable.

There are a number of circumstances in which an IVA is a preferred debt solution to a petition of bankruptcy and a Joint Individual Voluntary Arrangement simply provides this opportunity to two people with shared living expenses, for whom an IVA each would not be a manageable solution to their combined debt problem.

However, the method by which this Joint IVA is achieved can be quite complicated but since you�ll have the support of Supersonic Squirrel and a dedicated Insolvency Practitioner throughout, this should not be a concern. Firstly, your IVAs will be treated individually and the Insolvency Practitioner (IP) that�s assigned to act on each of your behalf will propose two separate IVAs. After these two IVA proposals have been accepted by your creditors, the IP will combine the two separate IVAs into a Joint IVA. The cost of the IVA will be greatly reduced as a smaller fee will be charged to your creditors, they�ll receive a greater repayment amount as a result and Supersonic Squirrel will strive to have these saving passed on to you.

In order to qualify for a Joint Individual Voluntary Arrangement, you don�t need to be married; you just need to share the same living costs. So, if you think that a Joint IVA could be the solution to your combined debt problem, Supersonic Squirrel are here to help.

Do you qualify for an IVA?

For more information see:
IVA Helpline




 
 
     

 

 
Action Bar

IVA help ForumThe IVA Forum: Top 30 Hot Topics
 
Active Topics on IVA Forum
Virgin Money (by: Clempo1980)
<t>What would happen to my iva if I moved in with girlfriend?</t> (by: roy)
<t>Can my husband remortgage whilst I am in an IVA?</t> (by: nina253)
Shop Direct saying no. (by: Jo.c89)
<t>If I don't agree to IVA extension, will it fail?</t> (by: lisa711)
<t>Will IVA company check mortgage in sixth year?</t> (by: john582)
<t>Is it a problem if I didn't work whilst in the IVA?</t> (by: cindy)
<t>Was I miss sold my IVA &amp; can I get out of it?</t> (by: claire655)
<t>Can I trust Aperture?</t> (by: angela426)
Data controller Experian, Eqyufax and Call Credit (by: Flavour79)
<t>Can I save in an iva?</t> (by: patrick800)
<t>Compensation and my IVA</t> (by: joanne534)
<t>Will I need to supply all bank statements at review?</t> (by: adam961)
<t>Can't afford to take a loan to repay IVA</t> (by: sandra113)
<t>Why are Aperture taking so long</t> (by: gareth225)
<t>Would the IVA company accept a settlement offer?</t> (by: Lou555)
<t>Will the IVA company need bank statements for all bank accounts?</t> (by: dave882)
<t>Can we have a logbox account whilst in an IVA?</t> (by: Rlh1994)
IvA (by: dorman78)
Remaining balance (by: JustPlainStupid)
Am I insolvent? (by: JustPlainStupid)
<t>7th year??</t> (by: simon161)
<t>Remortgage advice</t> (by: amy104)
<t>Broken cooker</t> (by: Nectars999)
<t>Worried</t> (by: ben929)
Early settlement (by: Adz_0)
Life after an IVA (by: wiggle1)
<t>Inheritance</t> (by: Rosiebear)
One week today to creditors meeting (by: Colin351973)
<t>Am I allowed to walk away from my IVA?</t> (by: mary209)
Forum BrowseForum JoinForum Search

Free Debt Guides
FREE useful guides!