Hi, we are currently 2 years into our Iva paying £600 a month, we are starting to struggle with the payments and have 3 kids, we’ve found out my wife is pregnant again and really don’t know how we’re going to cope with these payments, we don’t own our home and are council tenants, some one mentioned...

Hi, just after some advice, I have just completed the 2nd year of my Iva, we have 3 children, we currently pay about £600 a month back. We just just found out that my wife is expecting another baby, this opens up a lot of problems, obviously it’s going to be a struggle affording the Iva, and also pa...

Hi, I have been on my Iva for just over a year, I have just had a letter to defer my student loan (I'm on old style mortgage one), anyway I have just last month had a wage increase with took me over the threshold to defer, I don't think I told the IVA company about my student loan, forgot about it o...

First one I've had for about 7 years

Hi I have been on my Iva for a year and have been offered a pay raise with work, it is going up from late 20k to early £30k, works out at £140 a month after tax I think, just checking will the Iva company take half of this or is there a scale

Thanks

Sorry I have 4 other siblings and my share is to be split between my children

Hi, my father passed away last year and I am the executor of his estate, my dad had it written in his will that my share will go to my children because he didn't want his money to go to the IVA company, anyway the sale of his house is about to complete and all the money will be transferred to me to ...

Hi, this is probably a no go but I have an IVA with £23k left to pay, my total debt is £36k, I have only made one payment of £439 so far, a family member mentioned that they would gift us £10k to pay off as a lump sum, is there any chance this would be accepted as an final figure or do I still owe t...

Hi, we have recently been informed that are tax credits have been reduced by about £50 a month, our budget is already extremely tight, is it possible to get this modified in our payment to the Iva, or will we just have to swallow it?

Just checking, you say you've paid £500 a month for 3 years that £18k, have u been making overpayments?

Thank you, I think that would be the best option, I hate having to tell anyone about this but I may have no choice

Sorry final question, if I got the person to change his will so my inheritance would not go to bankruptcy, would it be held till I was solvent again in 5 years, what happens to the money?

It is a close family member and I can't bring myself to tell them the mess I've got myself into, especially when they are so unwell

Thanks for the advice

Not that it is a route I particularly want to go down but is it possible to break an Iva and offer a dmp instead or would I be liable for fees from the IVA company?