Hypothetical question- We're in an IVA Wife looses job -has to take lower paid job- IVA payment can't be met Sell house - approx 12K equity Manage to rent ! Rent is lower than mortgage so IVA payment can continue Assume Equity passed over to IP for distribution(do we keep 15%?) Would all of the abov...

Debts about 50/50
ironically she is an "employment coach" helping people back to work but with the benefit reforms coming, the contract on which she works is ending

Just about coming to the point of getting our IVA proposal sorted and now my Wife has been given 1 month notice of redundancy. We will not be able to make IVA payments on my wages alone so looks like Bankruptcy looms. Gutted as we thought that we had finally got our finances sorted. Going to speak t...