I have had an Iva since Aug 2008, and been paying every month. We can't have kids so we have been approved to adopt 2 young children. What will happen to my Iva. I still have until 2014 for it to finish. I don't want it to end as we have been paying every month and never had any issues, but we will not be able to afford what we are paying now.
Congratulations on the news, you must be very excited. You will need to speak to your.
Ip and I am sure something can be worked out.
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 adopters you will have a social worker(case worker)from Social services check with your own case work about the finanical package that is available to adopters- also dont forget any tax credits/child benefits,which includes 26 weeks paid Stat Adoption benefits
Last edited by ginger3232 on Mon Aug 22, 2011 3:11 pm, edited 1 time in total.
What wonderful news for you and I wish you well with the adoption. Do talk to you IP about the financial side and I'm sure something will be worked out.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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
What absolutely marvellous news, which probably puts your debt issues completely into perspective. I would not rush to make a decision about the IVA yet - wait and see what benefits you are entitled ot in terms of child benefit and tax credits, and how the little ones are going to affect your lifestyle and budget before you leap to amend the terms of the IVA. It may been that you simply need to broker an extended payment break whilst they settle in, and then even you might be suprised as to how much of the additional expenditure can be absorbed within your existing budget to make ongoing IVA payments more affordable.
Fantastic news for both of you and i hope many years of enjoyment, i wish you both good luck and i'm sure the IVA arrangements can be sorted out to allow for this lovely change in your lives. xx
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.
IVA COMPLETED August 2012, received Completion certificate 18.4.13.
