DIVORCE / SEPERATE

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Eliza

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Joined: Thu Jun 14, 2012 3:31 pm
Location: United Kingdom
Post by Eliza » Mon Aug 25, 2014 1:07 pm
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Hi can anyone give me advice on a marriage split and a joint IVA. We are 2 years into the IVA we both work owe 35000 and have a mortgage and we are paying 70p in the GBP. Have about 20,000 equity in house but no plans to sell as have 2 children at home although they are not dependents aged 17 and 21. THank you xx
Stop the world i wanna get off !!!!!!!
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Foggy

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Location: United Kingdom
Post by Foggy » Mon Aug 25, 2014 1:12 pm
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The best course of action, IVA-wise, would be for you and your partner to work together and continue to service the IVA as you had planned to do before the split ---- if this at all possible financially.

Alternatively you could have the IVA's separated and each continue with your own.

In any event you will need to do a new I&E with your IP as these things will have now changed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Eliza

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Location: United Kingdom
Post by Eliza » Mon Aug 25, 2014 1:26 pm
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Thank you I am going to speak to my IP tomorrow but thanks for the heads up.
Stop the world i wanna get off !!!!!!!
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