how does splitting up with my husband affect iva ?

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clare.r

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Post by clare.r » Mon May 19, 2008 7:17 am
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I am in an iva with my husband but are spilting up how does that affect the iva?
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angela18

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Post by angela18 » Mon May 19, 2008 7:27 am
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Hi Clare.. I'm not an expert and I'm sure one will be along soon to answer your query. Have you spoke to your IP? Could you continue to pay your payments together even if you split?
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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MelanieGiles

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Post by MelanieGiles » Mon May 19, 2008 8:45 am
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Are you both in IVAs or just yourself? And what are your personal circumstances - ie do you have children, own a property?
Regards, Melanie Giles, Insolvency Practitioner
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clare.r

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Post by clare.r » Tue May 20, 2008 8:13 pm
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It is both of us, we have 2 children but do not own a home.
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MelanieGiles

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Post by MelanieGiles » Tue May 20, 2008 8:24 pm
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If you pay a joint contribution to the IVA, could you split that in some way so that you both make individual contributions but to the total amount of the current combined contribution?

I imagine that with having to pay to run two homes now, coupled with your partner's need to pay child maintenance, that this is bound to put some strain on your finances?

Have a chat with your IP to see what they can suggest.
Regards, Melanie Giles, Insolvency Practitioner
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