Our circumstances have changed

[clairewilk]

We are coming up to completing our second year of our IVA. We need to review everything as we are considering selling our home in order to pay it/most of it off. Is our IP the best person to go through all our options or should we seek more independent advise? Our circumstances have changed in that we are having to stay with our daughter who has cancer and it would make sense for us to share a rented home with her over the next couple of years whilst she needs our help as she is a single mother with a 8 month old baby. Our home is unsuitable as it just isn't big enough

[Lisa2009]

Hi and welcome.

So sorry to hear about your daughter. Yes i would speak with your IP now and discuss that with him/her.
Heres hoping your daughter wwill make a full recovery xxx

[Michael Peoples]

I can only add my best wishes to Lisa's but I am sure your IP and creditors will be sympathetic to any offer of settlement given the circumstances. However, it may be difficult to sell in the current market so you could consider renting out the property until it sells and I am sure your IP will have no problem with this either.

[Declan at DebtFreeDirect]

I too would like to express my best wishes and to add what Lisa and Michael have said, its best to talk to your IP in the first intance.

Thanks

[oscar]

I'd just like to wish you and your family all the best. Good luck Oscar x

[Broke of London]

My best friend has cancer and having her mummy around is a huge comfort and practical support. Both give each other so much strength and positivity. Look after your family and don't worry about your debts in the slightest. They're not important anymore. Your very capable IP will sort these out. xx

[Shining]

I would like to send my best wishes to you all and would agree your IP will give you some good advice in respect of the IVA/house. x

[MelanieGiles]

I would almost guarantee that your IP will be as helpful as possible given the circumstances. This is such a horrible illness, and I pray that your daughter will recover and she will be much supported by the fact that you are on hand to help her and her daughter. What fab parents you are.

[kallis3]

I'm so sorry to hear about your daughter Claire and I hope she makes a full recovery.

I am sure your IP will be very supportive.

[luckycharm]

I hope your daughter makes a full recovery soon x

[clairewilk]

Thank you everyone for your kind comments. We are very lucky as she has a high grade brain tumour but she had good surgery and her latest scan remains completely clear. Terribly low survival rate but some do survive and she has every chance of being one of the lucky few. x

[clairewilk]

Hubby and I have sat down and had good look at things. We won't really benefit from selling now apart from not having debts hanging over us. So, we have decided to look into renting it out as this will make a big dent in our debts.

The Inland Revenue have put a condition on our arrangement that if we have not paid in full by end of term we have to sell our house then. Does anyone know if people are ever allowed to extend their agreement over a longer period to avoid having to lose their home?

[Broke of London]

So pleased the surgery and recent scan went so well...all very positive for a good recovery. Having you around will help all the more too. Keep us updated xx

[MelanieGiles]

I am sure that even HMRC would take a sympathetic and realistic view on this matter Claire, however try to persuade your IP to engage with them at an early stage so that they are kept in the loop.

[kallis3]

That's fantastic news about your daughter Claire, really pleased and I hope she continues to keep clear.

Totally agree with Mel's comments as well.