can a joint IVA be changed to individuals

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Frazzled.1

User avatar
Posts: 3
Joined: Tue Mar 22, 2011 6:48 am
Post by Frazzled.1 » Tue Mar 22, 2011 6:48 am
Quote
can a joint IVA be changed to individuals when a couple seperate / divorce?
Top
 
 

Broke of London

User avatar
Posts: 7761
Joined: Sun Sep 05, 2010 6:04 pm
Location: United Kingdom
Post by Broke of London » Tue Mar 22, 2011 7:25 am
Quote
Hi Frazzled and welcome! Joint IVAs are actually two interlocking individual IVAs so they can be split. Speak to your IP about yur divorce as your may need to complete a new I&E for your change of circumstances to ensure the iva is affordable still. Sorry to hear your news xx
Top
 
 

liamjames

User avatar
Posts: 734
Joined: Mon Jul 27, 2009 9:58 am
Location:
Post by liamjames » Tue Mar 22, 2011 9:32 am
Quote
I'm sorry to hear that Frazzled. Welcome to the forum.

As Broke says there is nothing to stop your IVAs continuing separately if it's still the right solution - you'll just need to talk to your IP and submit new expenditure information to make sure that the payments are still affordable.
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Tue Mar 22, 2011 9:47 am
Quote
Hi and welcome to the forum. I'm sure your question has been answered above but if you need any other advice/support remember we're we are. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”