How many IVA's can I have

Technically there can only be one active IVA in force at any one time, however, once an IVA has run its term, there is nothing to stop the applicant from entering into another IVA straight away. Therefore, in theory a person could enter into an IVA every 5 years.

If a person were to have an IVA which failed, then they wouldn't need to wait for the expected term of their IVA to have elapsed before they reapply though. They could re-propose another IVA just as soon as their original IVA has been formally concluded by their Insolvency Practitioner.

It is often misunderstood that the phrase joint IVA means 2 IVAs for the same person. In actual fact the phrase joint IVA refers to 2 separate IVAs being run based on a joint financial statement of 2 people sharing their living costs and each with the need to enter an IVA of their own.