Get expert opinion. This is the place for new questions to be posted.
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Christine.26
- Posts: 4
- Joined: Sat May 02, 2015 5:23 am
I started an IVA last year. I am 62 and qualify for state retirement in November 2015.
I work full time and after IVA payments have little left over to live on.
I have twins aged 12 and a contribution of £20 per month from their father.
My health has deteriorated significantly during the past year and I am not sure I can continue work for the next 5 years. I want to avoid bankruptcy to maintain the kids home and secure funding for their university education. What would you advise?
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lifenoteasy
- Posts: 3248
- Joined: Thu Feb 05, 2015 2:26 pm
- Location: United Kingdom
Best advice that can give is peak to to your IP and explore the options.
A lot will depend on how sympathetic they are.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
Hi
If you own your home and have equity you may want to avoid bankruptcy so do chat with your IP, perhaps consider reducing your hours once your state pension kicks in ?
Regards
Andam Davies
