{"id":2540,"date":"2014-01-07T12:09:06","date_gmt":"2014-01-07T12:09:06","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=2540"},"modified":"2019-02-28T12:04:37","modified_gmt":"2019-02-28T12:04:37","slug":"do-an-iva-without-telling-my-partner","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/do-an-iva-without-telling-my-partner\/","title":{"rendered":"Do an IVA without telling my Partner"},"content":{"rendered":"\n

The short answer is yes \u2013 in certain circumstances you can enter an Individual Voluntary Arrangement<\/a> (IVA), without your partner\u2019s knowledge, provided of course that you are insolvent. <\/p>\n\n\n\n\n\n\n\n

Creditors normally like to see a proposal for an IVA outlining all of\n the household circumstances which contributed to a debtor\u2019s insolvency.\n They also like to see verification of the total family income to ensure\n that the household expenditure is fairly shared between both partners \u2013\n usually in the same ratio as their earnings. This can be tricky to \nprovide if you cannot confide in your co-habiting partner in regard to \nyour financial difficulties or are reluctant to do so. If you and your \npartner jointly own assets, such as the family home or if you have joint\n liabilities, such as an overdrawn joint current account, these factors \nmake it more difficult to keep your partner from learning of your IVA. \nThere are many other practical difficulties.<\/p>\n\n\n\n

\"Couple<\/figure><\/div>\n\n\n\n

However, there are some obvious scenarios where entering an IVA \nwithout the knowledge of your co-habiting partner would be possible and \ncreditors would be sympathetic to such an approach. One such \ncircumstance could be where your partner is seriously ill and would \nsuffer unduly from the stress of learning of your financial \ndifficulties. Such illness could be mental or physical. Another \ncircumstance could be where there is a serious risk that your partner \nmight react violently towards you or your children on learning of your \nfinancial difficulties and insolvency.<\/p>\n\n\n\n

There are other such circumstances. Creditors of course would have to\n be satisfied as to the bona fides of such circumstances and that your \npartner did not benefit significantly from the spending which led to \nyour insolvency. There is no guarantee that your partner will not \ninadvertently learn of your IVA during its term which could run for up \nto five years and sometimes more. You need to consider the effect on \nyour relationship if that should occur.<\/p>\n\n\n\n

If you find yourself in circumstances such as in the examples \noutlined above, a good initial course of action is to consult with a \nreputable Insolvency Practitioner, otherwise known as an IP. Your \ncircumstances will be treated confidentially and your IP will be able to\n advise you not just on the merits of an IVA but also on all of the \nother options available. Your partner will not be informed of your \nactions without your express consent.<\/p>\n","protected":false},"excerpt":{"rendered":"

In certain circumstances you can enter an Individual Voluntary Arrangement (IVA), without your partner\u2019s knowledge, provided of course that you are insolvent. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-2540","post","type-post","status-publish","format-standard","hentry","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/2540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=2540"}],"version-history":[{"count":5,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/2540\/revisions"}],"predecessor-version":[{"id":3172,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/2540\/revisions\/3172"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=2540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=2540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=2540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}