A and B are married.
A has credit card debt of manageable size. However B has gone in at the deep end and cannot keep up repayments. Can B enter into an IVA alone, not involving A or A's finances, even though they are married?
(Selling their house is not an option and there is not enough equity in the property for a remortgage.)
Try The Motley Fools dealing With Debt forum
Daytona
Yes, but any joint assets will be considered - ie valuable cars etc. Possible receiver will take a charge on the house expecting it to increase in value and take their chunk later.
IVA probably not best option, bankrupcy over and done sooner and cheaper
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