can i get the IVA payments lowered ?

[james_m]

i have an iva of 275 pounds a month , i got married 3 months ago and my wife cant work . can i get the payments lowered , i have had it over one year now.

[MelanieGiles]

Hi james and welcome to the forum

What affect has your wife's lack of income had on your ability to fund your IVA, and why is she unable to work? Did you discuss this with your IP prior to your marriage?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[iva experts]

Welcome to the Forum James,

You definitley need to discuss this with your I.P and make them aware that your wife cannot work etc. You may be able to lower your payments but this will need to be justified, for a permanent lower disposable income your I.P will need to hold a variation with the creditors to see if this will be accepted.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Oliver]

You need to discuss this with your IP as soon as you can. It may be possible for your IP to secure agreement from your creditors to reduce payments but this would be dependant on the circumstances surrounding this.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp