4 months into my iva and now wife is pregnant, we had been trying for ten years and had a failed ivf attempt
How will this affect us will they lower the payments
Congratulations with the baby news.
You need to speak to your IP with regards to what solutions they have for you, perhaps a payment break whilst your wife is on maternity leave.
Ideally, give them a call and have a chat with them and let them know your fears.
They should be able to advise you the best way forward and what options are available to you.
And congrats from me - yes do speak to your IP - a variation for a break at the appropriate time will be needed.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk