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
<t>Disclosing PPI?</t> (by: david539)
<t>Settling my IVA</t> (by: Zebra555)
<t>Could an IVA work for me?</t> (by: Ross poldark)
Credit Report Still Looking Bleak (by: katieweeks1)
<t>Can I do a DRO instead of an IVA if I am not named on mortgage?</t> (by: samantha273)
mortgage question (by: Mark Bruton)
Life changes (by: Mrs_Brown)
Proof of pension contribution (by: rhythmb)
<t>Feeling ripped off</t> (by: iain200)
<t>How do I complain about my IVA company?</t> (by: samantha273)
<t>How long will IVA stay on my credit file?</t> (by: holley136)
<t>Bank account frozen</t> (by: rianna)
Bank staff (by: Francesca)
<t>What can I do about my debts?</t> (by: OA234)
<t>Hi Im currently in an Iva.i</t> (by: nathanandnoah)
PPI Refund (by: anap)
Rock and a hard place (by: Digger)
Vehicle insurance cancelled (by: ElliesDad)
<t>removing a restriction</t> (by: travena)
PPI After IVA Completion (by: Chrisdude)
Working hours (by: Nickibu82)
<t>What do they mean by final checks on my IVA?</t> (by: derek797)
<t>Will HMRC contact IP about drawing a pension?</t> (by: wayne919)
<t>Problems with Freeman Jones IVA</t> (by: CZ75)
<t>Have been advised to release equity but don't understand</t> (by: sandra532)
<t>IVA payments have been increased to a level I can't afford</t> (by: hazel630)
F&amp;F SETTLEMENT ADVICE (by: Dan2991)
<t>Can I do an IVA if I live in the Channel Islands?</t> (by: katrina420)
<t>Proving I can't get a remortgage for my IVA</t> (by: Rasarray)
Waiting time for completion certificate Freeman Jones (by: Jonb2019)
Forum BrowseForum JoinForum Search

Free Debt Guides
FREE useful guides!