Paid 33 payments and now we have split up

[chegs]

where do I go from here we have paid 31 payments into an interlocking IVA, and we have now split up, we have a minimum dividend clause of 47p in the £1...any advice please

[kallis3]

Hi Chegs, so sorry to hear your news.

You need to speak to your IP as soon as possible as you can split the IVA's.

[kazzafunk]

As Jan says please contact your IP to advise them of the split. Sorry to hear about it chegs.

[Broke of London]

Congrats on passing the halfway point...i can't wait to get to month 31! As the others have said, your IP can split the IVAs and then each of you can see whether an iva is still affordable or look at alternatives separately. Sorry to hear your news x

[chegs]

thamks for the advice, i will contact my IP in the next few days x

[Shining]

Hope it goes ok for you chegs, don't forget where we are x

[plasticdaft]

Canyou afford to continue to pay your way in the iva??

Paul

[kallis3]

Let us know how you get on chegs - hopefully you will be able to carry on.

[chegs]

hi everyone, we managed to talk yesterday and at the mo we are carrying on with the IVA we can manage financially but will struggle but hopefully the next few years will fly by. The va has been a godsend but it brings its own issues too. Thanks for all your help and support xx

[kallis3]

I hope it all works out for you chegs and that you manage to complete the IVA - you know where we are if you want advice and support.

[Broke of London]

That's great news chegs...you're on the home straight now so time will fly past. Always here for you xx

[MelanieGiles]

I would always recommend to separated and divorcing couples that they try and find some way to keep the interlocking arragngements going - even if this requires a reduction in payments. Splitting interlocking IVAs down can be difficult, especially if dividends have already been paid to creditors, and most IPs would prefer not to have to go down this road if it could be helped.