Can joint debts be included in an IVA?
If you have a joint debt and enter into an IVA, the other person named on the debt will still be responsible for making payments towards it. If you have some of the debt written off in an IVA, the other person will still be asked to pay the remaining money back.
But if you and your partner both have an interlocking IVA, any joint debts you have will be included in both IVAs. The joint debts will get a payment from the interlocking IVAs and once they’ve ended anything still owing to the joint debts will be written off.
If you have joint debts and are thinking about entering into an IVA you should contact us for some advice first, so that we can let you know how it’ll affect you and the other person named on the debts.