I am so sorry to hear this - you must be devastated. I do hope that in time this all begins to make some sense to you, and you can rebuild for the future - and number one priority right now is to make sure the children are reassured that you are both equally there for them whatever.
With regard to the IVA, if you are going to struggle for the next 7 months, personally I would ask your IP to call a meeting to see if the arrangements could be terminated at an early stage due to your changed circumstances. This is easy to do, and if I were your IP I would view this request very favourably.
I think you would have a very good chance of acceptance - but your IP will need to see revised income and expenditure statements from both of you to demonstrate that you can no longer afford the monthly repayments. If this is the case, the rest of it is rather academic.
Foggy wrote:
So sorry to hear this (been there got the tee-shirt!). Are the IVAs totally seperate or interlocking ?
My first thought would be, having got this far, to try to complete the IVA. this will make a fresh start easier.
Have a chat with your IP to discuss the various options in detail. A lot will, of course, depend on your new financial situation regarding your I&E.
Edit : Must type faster ..... very wise words from Mel, especially regarding the kids. They will need both of you and will need reassurance that they are still much loved.
When my ex threw me out (she suddenly decided she preferred girls!) we made a pact for the kid's sake ,,,, "having made a mess of te marriage, we were going to make a success of the divorce".When the dust settled we actually became friends !
Best of luck.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
That's nice we are amicable at the moment with a few hairy moments but were together 15 years I miss her and the kids and find some days are better than others
Hi caknight, am so sorry to hear that things have happened like this and can understand completely how you would miss your family.
the advice already given is first class, melanie is my IP and would trust her with anything. ring your IP first thing in the morning.
regarding different incomes from you both, mine and my hub are interlocking IVAs and the income and exp sheet for each of us showed it as a percentage. For instance if mortgage was 100 then the percentages of our wages meant his payment was 90 and mine 10. So I would say yes they will take the difference in to account.
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
I'm crossing everything for you. Hopefully this will be your fresh start. Your kids will always be pleased to hear from you on the phone - even when they don't seem to have much to say they'll love that you're thinking about them. X
