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good4me | 22:13 Sun 24th Jun 2007 | Business & Finance
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can anyone tell me what happens to an iva if the two people concerned split up?
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Avatar Image Kathyan
You might get more information here:
http://www.debtquestions.co.uk/debt_forum/
08:35 Mon 25th Jun 2007
Avatar Image EverClean
Surely as an INDIVIDUAL voluntary agreement then it's not dependant on anyone else?
12:53 Mon 25th Jun 2007
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The IVA was setup up in JOINT names!
16:22 Mon 25th Jun 2007
Avatar Image themas
That seems quite extraordinary. Go back to the firm that set it up, explain the situation and see what they say. Ultimately, if the two of you can't co-operate & go on with it as it stands, then it will have to fail, with whatever consequences are set out in the IVA proposal document (bankruptcy is often stated).

I somehow doubt whether it should have been set up joint. If you can't resolve it & want to complain about the firm that set it up, go to the Insolvency Service site - there is info there about complaining about IPs.
20:35 Mon 25th Jun 2007

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