ME AND MY PARTNER OWN OUR HOME THAT IS IN NEGATIVE EQUITY. I AM CURRENTLY UNDER A DEBT MANAGMENT PROGRAMME. MY PARTNER WAS BUT CAN NOW REPAY HIS DEBTS FINE. I AM STILL STRUGGLING, COULD I HAVE AN IVA OR GO BANKCRUPT WITHOUT INVOLVING MY PARTNER OR PROPERTY IN IT? I OWE 18K IN UNSECURED LOAN & CREDIT CARDS.WE RECENTLY HAVE HAD A CHILD.
Personal insolvency - be it bankruptcy, IVA or DMP are all done on an individual basis, so take advice from an insolvency practitioner who can explain the advantages, disadvantages and implications of each option.
