IVA Approved.... having to move out of parents

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riche

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Post by riche » Tue Feb 21, 2017 10:59 am
Right my IVA was approved last Friday all good and well in the process this was happening I have had to leave my Parents house due to personal matters.

I can quite easily afford to live on what my IVA has been agreed at and have moved into somewhere new - it's literally £60 difference to what I was paying at my parents. Will this cause my IVA fail? I can pay my payments exactly as agreed


Thanks Richard

Michael Peoples

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Post by Michael Peoples » Tue Feb 21, 2017 11:09 am
You need to inform your IP of any change of address and perhaps do a new I&E to show that the payments are still affordable. If you can maintain the payments due to reduced travel for example then the IVA should just continue on as your surplus will not have changed. Not a major problem.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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