Can one person in a joint IVA make serious alterations to agreement without others consent ?

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sterling

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Post by sterling » Sun Oct 18, 2015 10:36 pm
I was in a joint or interlocking iva with my late husband and I signed a ppi release form with my IP. However, my late husband did not and I've been told that my signing covered him as well. I find this confusing as I thought that we had individual iva's that were dependent upon each other yet remained individual. Is it possible that one person in a joint iva can make possibly life changing alterations to their agreement without the others consent?
 
 

Michael Peoples

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Post by Michael Peoples » Sun Oct 18, 2015 10:45 pm
When your husband passed away his IVA would usually terminate but most IP firms and creditors have procedures to deal with this. I can only assume that this was addressed at the time.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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