would my wife be able to apply for an IVA

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dnj

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Post by dnj » Wed Jan 02, 2008 4:57 pm
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Hi I successfully secured an IVA in september 2007 which was a tremendous boost. The question I have is would my wife be able to apply for an IVA, she has unsecured debts of approximately £18k the loans are being repayed but the credit cards only the monthly repayments are being made.
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iva.com

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Post by iva.com » Wed Jan 02, 2008 6:41 pm
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Hi dnj, and welcome to the forum.

I believe that your wife should be able to enter into an IVA (if I'm wrong here someone please correct me). Were the debts included in your IVA in your name only?

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
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Adam Davies

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Post by Adam Davies » Wed Jan 02, 2008 8:27 pm
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Hi
If she is able to pay the contractual amounts then she is not insolvent so an IVA would not be viable.However if she is using credit to pay credit each month and is effectively getting deeper into debt without buying goods then she may be insolvent.
Please post further details
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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hara

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Post by hara » Wed Jan 02, 2008 8:30 pm
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Dear dnj,

As I understand you ned to have at least three creditors and insolvent.

Hara.
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MelanieGiles

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Post by MelanieGiles » Wed Jan 02, 2008 10:02 pm
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Your wife will be able to put forward her own IVA, but this will have to be completely separate from yours. If you are happy with the service provided by your own IP, it generally would make sense for her to use the same provider.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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