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daziedazie
Posts: 35 Joined: Wed Sep 19, 2012 3:03 pmLocation:
I was just wondering what wud happen if you had a baby unexpectedly whole on an iva a needed to pay for childcare etc wud they reduce ur payment at all??
Foggy
Posts: 33395 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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Many do have babies whilst in an IVA. The IP will do a fresh I&E and work out where to go from there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
kazzafunk
Posts: 4749 Joined: Sat Mar 19, 2011 6:47 pmLocation: United Kingdom
Excellent advice from Foggy. Neither IP's or creditors expect life to be on hold for the whole term of an IVA.
daziedazie
Posts: 35 Joined: Wed Sep 19, 2012 3:03 pmLocation:
That's great to hear because I worried as we're newly marked and really want a family but wud need to pay child care and I was worried we cudnt afford it
x
Shining
Posts: 27019 Joined: Thu Sep 20, 2007 8:57 amLocation:
Hi, everyone says don't let the IVA put your life on hold all the best x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
daziedazie
Posts: 35 Joined: Wed Sep 19, 2012 3:03 pmLocation:
Aww Thanx its def taken a weight off my mind
— its good to know it's possible to have a family
Niobe
Posts: 5169 Joined: Tue Jul 03, 2012 9:56 amLocation:
There's lots of babies been born during an IVA - don't put your life on hold!!
loopylass81
Posts: 102 Joined: Sun Mar 02, 2008 11:30 amLocation: United Kingdom
we had our youngest when i have 2 and half years through my iva and i put a variation through it extended it a year but it didnt put my life on hold..
daziedazie
Posts: 35 Joined: Wed Sep 19, 2012 3:03 pmLocation:
That's good to hear I didn't think it wud b allowed.... Puts more financial strain on u etc x
daziedazie
Posts: 35 Joined: Wed Sep 19, 2012 3:03 pmLocation:
Did they make that a stipulation that u extended it loopylass?? And did they reduce it by much x
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 amLocation:
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IVAs need to be flexible enough to cope with life's happy events - and you should never put your life on hold for want of paying a few unsecured creditors.
Regards, Melanie Giles, Insolvency Practitioner
TheArtist
Posts: 555 Joined: Sat Nov 17, 2012 4:41 pmLocation: United Kingdom
To divert momentarily, Mel, do you ever sleep?
Completed IVA - August 2012 pheeeeeeeeeew
Shining
Posts: 27019 Joined: Thu Sep 20, 2007 8:57 amLocation:
I've often wondered that of Mel, maybe why she is always on her toes and doesn't need reference numbers for her clients!
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
daziedazie
Posts: 35 Joined: Wed Sep 19, 2012 3:03 pmLocation:
Did they make that a stipulation that u extended it loopylass?? And did they reduce it by much x
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 amLocation:
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I get lots of sleep thanks The Artist - but generally manage very well on 6 hours a day and have always been a bit of a late night person!
Regards, Melanie Giles, Insolvency Practitioner
x
— its good to know it's possible to have a family 
