I have 5 months left on my iva -well in interlocking iva which my ex pays the payments for as I'm on income support and a single mum of 5 (we seperated last year and he's been paying the payments since.
Earlier I received a phonecall saying the ex isn't keeping up with the payments and what do I want to do. I was given 3 options. I have to find £170 p/m to keep up with the original proposal (to add to what the ex is now paying), request a variation to extend the iva or seperate the ivas and do a new I&E form and see if it's agreed.
I really don't know what to do for the best.
Bit of background. I owed £9000 and the ex owed £40,000 when we went into the iva. I have little disposable income due to being on income support.
Which company are you with? I can't remember but I would certainly speak to them to see what the best solution is.
After so long it is in no-ones best interests for the IVA to fail now.
I don't see why you can't seperate them, continue to pay towards yours and let him get on with his part. That's just my opinion though.
Hopefully one of the experts can help with this.
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
Kelse, I agree with Jan, you are so close to the finish line it would be a shame to take a payment break and extend the term. What does your ex think? Would he agree to seperating them. He has a much larger share of the debt maybe seperating them gives you a better chance.
To be honest we're not on particularly good speaking terms still (I'm usually answered with a grunt but that's better than being shouted at).
I said that I don't want it to fail now and what's the best thing to do and was told it was my decision and to think about it. If I could pay the rest that would be the best option. As I cant I need to try and find the next best option.
Me too. I was advised to use the GT expert Karol who can be contacted at ivacustomerservices@uk.gt.com. It was actually Claire who got back to me within minutes and I found her very helpful indeed. Explain your situation they may have a workable solution.
Good luck
cookies68 wrote:
Me too. I was advised to use the GT expert Karol who can be contacted at ivacustomerservices@uk.gt.com. It was actually Claire who got back to me within minutes and I found her very helpful indeed. Explain your situation they may have a workable solution.
Good luck
Don't forget ... put only "IVA Forum" in the subject line.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Why not ask if they can seek creditor agreement for you to terminate the IVA early due to an inability to fund any further payments. At your stage of the process I would say that you have a good chance of acceptance so long as the reasons for putting this forward - ie your partner not paying the contributions - can be justified.
Hi Kelse - Melanie's suggestion sounds like the best way forward for you given the circumstances. I hope GT can sort something out for you and put your mind at rest.
Let us know how you get on.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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