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Joint IVA

If you and your partner are in debt then you may qualify for a joint IVA.

A joint IVA enables two people who have shared debts and living costs to propose two IVAs based on a common financial statement. Joint individual voluntary arrangements are still registered as two separate IVAs but are treated as one from an administrative point of view. However they are completely dependent on one another and so if one joint IVA fails then the other could easily fail too.

With a joint IVA there can be significant savings in costs compared to two separate IVA applications. This reduction in costs for setting up a joint IVA can in some cases allow individual voluntary arrangements to be proposed that otherwise wouldn't be financial viable if proposed individually.

There are a number of reasons why you may choose to enter into a joint IVA. If you have shared debts then you need to consider that a single IVA won't eliminate your partner's liability for the debts. In this case a joint arrangement will offer a better solution. The other advantages associated with regular individual voluntary arrangements will also still apply. Your debt repayments will be reduced and you will become debt free in a fixed period of time.

Clear your debts with a Joint IVA

To find out if a joint IVA is the best solution to your debt problems call our helpline on free phone 0800 043 5043 or complete our enquiry form.

Is an IVA right for you

Answer a few simple questions and we'll help you find your solution.

Total unsecured debt : £4000


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The IVA Advice site is owned by Guardian Insolvency Ltd. Guardian Insolvency Ltd is registered in England and Wales No. 07906134 whose registered address is Coppull Business Centre, Mill Lane, Coppull, Chorley, Lancashire, PR7 5BW. Data Protection Number: ZA093360