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    Joint IVAs as they are referred to, allow two people to unite their resources and pool their debts, enabling them to qualify for an IVA when it might otherwise be beyond their reach.

    In reality the insolvency practitioner who acts as a nominee for the two people concerned, will actually propose two individual IVAs. However, once the IVAs are accepted by the creditors, the insolvency practitioner supervises the two cases as one, which in turn creates a substantial saving on fees charged to the creditors. These saving are passed on to the creditors, which in turn means the creditors will receive a greater

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    y for an IVA when it might otherwise be beyond their reach.

    In reality the insolvency practitioner who acts as a nominee for the two people concerned, will actually propose two individual IVAs. However, once the IVAs are accepted by the creditors, the insolvency practitioner supervises the two cases as one, which in turn creates a substantial saving on fees charged to the creditors. These saving are passed on to the creditors, which in turn means the creditors will receive a greate

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    nee for the two people concerned, will actually propose two individual IVAs. However, once the IVAs are accepted by the creditors, the insolvency practitioner supervises the two cases as one, which in turn creates a substantial saving on fees charged to the creditors. These saving are passed on to the creditors, which in turn means the creditors will receive a greate
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    ditors, the insolvency practitioner supervises the two cases as one, which in turn creates a substantial saving on fees charged to the creditors. These saving are passed on to the creditors, which in turn means the creditors will receive a greate
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    rged to the creditors. These saving are passed on to the creditors, which in turn means the creditors will receive a greater amount of money from the IVA fund.

    Joint IVAs provide an alternative solution to bankruptcy, especially in cases where two 'stand alone' IVAs may not be possible.

    For an IVA to be acceptable to creditors the debtor's circumstances must meet certain prearranged conditions.

    • The debtor must have at least ?15,000 unsecured debt.
    • The debt must be owed to at least 4 different creditors.
    • The debtor must be in employment.
    • The debtor must have

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