my wife and i are in the 3rd year of our iva

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oggler2001

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Post by oggler2001 » Tue May 19, 2009 5:14 pm
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my wife and i are in the 3rd year of our iva.my wife is 23 weeks pregnant.when she finishes work to start her maternity leave she will not be returning after,because we already have another child and childcare costs outway what she earns.on my wage alone we cannot keep up iva payments,what should we do?.
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ivas4us

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Post by ivas4us » Tue May 19, 2009 6:11 pm
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I would seek the advise of your IP to see what solutions are available for your individual circumstances.
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Adam Davies

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Post by Adam Davies » Tue May 19, 2009 9:09 pm
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Hi
It could be that your IP will reduce your payments via a variation meeting with your creditors.
Have a chat with your IP
Regards
Andam Davies
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David Mond

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Post by David Mond » Wed May 20, 2009 7:04 am
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Variation looks to be the appropriate solution - please discuss with your Supervisor (IP.
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.
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oggler2001

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Post by oggler2001 » Wed May 20, 2009 7:35 am
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thank you for your replies,much appreciated.
i figured that that was the way to go but was hoping to find out if others had similar experiences.
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David Mond

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Post by David Mond » Wed May 20, 2009 7:43 am
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We are all here to advise. Good luck.
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.
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