IVA
Updated 27 May 2026
What is a joint IVA?
If you and your partner are struggling with debt, a joint individual voluntary arrangement (IVA) might help you get your finances back on track.
Find out what a joint IVA is, how it works and if it might be right for you.
How do joint IVAs work?
A joint IVA, also known as an interlocking IVA, involves setting up two separate IVAs that are linked together.
They may be suitable for two people from the same household who are struggling to repay their debts.
Considering an IVA?
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Setting up a joint IVA
If you and your partner decide a joint IVA is right for you:
- you’ll each apply for an IVA
- your IVAs will be administered together
- you’ll make one monthly payment between you
- each person’s contribution will be based on what they can afford
The benefits of a joint IVA
As well as all the usual benefits of a standard IVA, you’ll only pay one set of fees.
Things to bear in mind
When deciding if a joint IVA is right for you and your partner, remember:
- you’ll both still be responsible for your own debts
- creditors on both sides must approve the IVA
- one person's actions could affect the other person's IVA
- an IVA will impact both people’s credit scores
Before entering an IVA, you should get professional debt advice.
Written by: James Glynn
Senior financial content writer
James has spent almost 20 years writing news articles, guides and features, with a strong focus on the legal and financial services sectors.
Head of Content
Last updated: 27 May 2026
Written by: James Glynn
Senior financial content writer
Last updated: 27 May 2026