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Posted: Sat Oct 16, 2010 6:38 pm
by jazz
My husband and I have recent;y split. I can afford to pay the mortgage, bills etc from my own salary but this would leave a far reduced payment into the IVA than I was previously making. Will this cause any issues? I can't sell the house as it's in negative equity and I have no other assets. I have informed my case officer of the situation.
Posted: Sat Oct 16, 2010 7:14 pm
by Julie
Hi Jazz,
Will your husband have interest in the property?
You can ask your IP to call a variation meeting to see if your creditors accept a reduced payment, but they may decide your mortgage payments are too high compared with renting for example.
What has your IP advised?
Posted: Mon Oct 18, 2010 10:49 am
by brownteds
that's sad dear. i suggest you to consult your case officer and i am sure he will help you out.
Posted: Mon Oct 18, 2010 4:35 pm
by kallis3
Sorry to hear you have split up.
Hopefully your IP will be able to assist you.
Posted: Mon Oct 18, 2010 9:51 pm
by MelanieGiles
It may be possible for you to put forward a variation to the terms of your original IVA, to pay lower payments as a result of your change of circumstances. Take advice from your own IP who is best placed to guide on matters like this.