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 Salvaging my IVA or going bankrupt ?
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M.78
Starting Member



1 Posts

Posted - 09 June 2012 :  11:42:29  Show Profile  Visit M.78's Homepage  Reply with Quote
Is it best to go for bankrupty or salvage my IVA. I last made a payment in December as they gave me 6 months off when i came out of work. What would happen to my partners income if I was declared bankrupt ?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 09 June 2012 :  11:50:10  Show Profile  Reply with Quote
Hi and welcome.

How long have you been in your IVA? Have you found another job?

Speak to your IP company initially to see what can be done.

Your partners income would be taken into account for your household expenses so that you are both paying your fair share but otherwise it wouldn't be affected.

Do you have any joint debts at all?

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