My wife has left our marital home.The iva is solely in my name and i have just started year 6 to close.Can someone please advise me on where i stand as her wage was taken into account in the expenditure.
Sorry to hear this. I would speak to your IP and ask for a full income Bd expenditure review. You maybe in a position to seek closure based on payments to date if there is insufficient budget now available to continue your IVA.
Good luck
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Sorry to hear of your problems but agree with luluj that you need to inform your IP asap and hopefully be able to close the IVA.
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
As above -- you need to have a full and frank chat with your IP. At the very least a new I&E will need to be conducted to assess the viability of the IVA going forward. Also discuss the possibility of a variation asking the creditors to accept payments made to date in closure of the arrangement.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
A full review of I and E is required. Without her income would you be in a position to make any payments into the iva? If not then hopefully your IP will see sense and look to close things down with payment to date being sufficient.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
