Hi, Just want a bit of advice please. Me and my partner are in a interlocking IVA. We are talking about having a trial separation but the way I feel it will be for definate. I have a child who is 4, I want to keep the house going but at the same time keep the IVA going as well. I want to make a better future for me and my daughter and I want to pay all my debt off and start new when the IVA has finished. I have looked into things and I would be entitled to about £400 more a month from the child tax credits so I thought I could put this in the pot to the money which we have left over every month after bills/IVA. Then split the money between me and my partner. Therefore me and my daughter can stay in the house and my partner has some money to live on. He will have to pay rent at his mums house and some other bills. Do you think the IVA will want more money off us? Even though I will be getting more money my partner will need this to live separately. Any ideas?
oh tracey i can empathise with you totally, this is whats happening to me and my partner, I was adviced to speak to our IP however at the mo we can still afford the IVA. Hope everythings works out xx
I'm sorry to hear of you relationship break down & understand it must be a difficult time for you all.
Interlocking IVAs can be split into 2 IVAs & a review of both of your circumstances once sorted can be done. This would enable you both, if you feel the split is going to be permanent, to go your separate ways.
You will need to contact your IP whom im sure will be sypathetic & understand.
Please let us know how you get on x
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
So sorry to hear your news, I hope you can get back together - never say never!
You will need to speak to your IP about this if you do split up - you can do a new I&E and hopefully both of you can continue on with the IVA.
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
Hi Tracey
Just to echo what the guys have said - sorry to hear about this and indeed it is a difficult time not least when you are in an IVA. What I would advise is to keep your IP in the loop of everything that is going on. That way they will be able to help and advise as best they can whilst been fully up to speed with your situation.
