What is a Joint IVA (Individual Voluntary Arrangement)?
For couples that are experiencing debt problems one possible solution is to enter into a Joint IVA.
Individual Voluntary Arrangements offer a way to restructure unsecured debt repayments into a more favourable and legally binding agreement. Joint IVAs are intended for people who have shared debts and living costs. They are in fact registered as two separate IVAs but are treated jointly from an administrative point of view. If one part of the Joint IVA fails then it is likely that the half will fail too.
Why choose a Joint IVA?
If you and your partner are in debt then there are a number of reasons why you may choose to agree to a Joint IVA -
To find out more about whether you qualify for a Joint IVA and if it is the best way for you to clear your debt problems simply call Royal Exchange today on freephone 0800 028 4422.
If you would prefer one of our debt advisors to give you a call simply complete our enquiry form.