She and her partner have been in a joint IVA for 3 years. She has become disabled due to illness and may not be able to continue working. She would like to know if the IVA payment can be reduced if this happens.
The person in the IVA needs to speak to her IP and explain the situation to see if she can do a variation in the payments.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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In these circumstances you need to speak to your Supervisor (IP) to establish whether a variation can be proposed to that persons creditors to vary the monthly contribution or make any other suggestion that creditors might accept.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
