www.iva.co.uk

Hi
Just wondering what are the chances of asking for f+f on funds paid to date.
Total original debt £56000 originally agreed to pay back £39744 but due to income increase total amount if we stayed in for 83 months would be £64000.
Paid so far is £26745 so about 0.47p in the pound.
The reason I am thinking of this is that we are under a lot of pressure my wife is really struggling she has been diagnosed with endometriosis,gallstones and hypothyroidism she has also suffered a miscarriage of twins this year after waiting 11 years for fertility treatment and she has just been through a decision maker in her job due to illness all the time and after xmas we have our last free fertility treatment and with the iva it is just an added pressure on top of everything.We really want a family and if this last free cycle does not work we have to pay a lot of money for the next treatment.
Sorry post is so long but would be greatful for any advice.
Thanks
Johns

Hi,

Sorry to hear of all of your problems but I think you need to speak to your IP and ask if a full and final is on the cards.

I am so sorry for the traumatic time you and your family have been through although I do fear that your creditors will not accept a F&F to allow you to fund ongoing fertility treatment, by all means speak to your IP though!

Such a sad experience, and one which demonstrates how the repayment of debt should never come before family matters.

Firstly, do you have any assets which would be affected under bankruptcy proceedings? If not, then this is an option you could consider now - in the event that your IP does now think a variation would work, or you propose one and creditors turn you down.

Secondly, your IP may want to see you try the final chance of NHS funded treatment, and assessing the outcome of this before deciding whether to take your suggestion to creditors. I imagine you may view this as unecessary intrusion into some very personal matters, but right now it may not be the right time for the offer to be submitted.

A chat with your IP is essential to see whether this is something that would be supported.