Posted: Tue Jan 30, 2007 9:56 am
Hi, I am a unemplyed mum of two young children and entered a IVA with my husband a few months ago. The debts in my name come to £3000 and his come to £20000.
We are splitting up and I do not own any property and am about to move into council housing,where i will received benefits as single parent. my husband earns £42k, and this house is in his name which is no equity. We currently pay £225 per month which is based on all our income together including child benefit and child tax credit. Obviously if i leave these income will be for my children.
What should I do regarding IVA? What will happen to me?
We are splitting up and I do not own any property and am about to move into council housing,where i will received benefits as single parent. my husband earns £42k, and this house is in his name which is no equity. We currently pay £225 per month which is based on all our income together including child benefit and child tax credit. Obviously if i leave these income will be for my children.
What should I do regarding IVA? What will happen to me?