Get expert opinion. This is the place for new questions to be posted.
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Robert.cn
- Posts: 6
- Joined: Wed Feb 06, 2013 9:50 pm
we have a joint iva we had a payment from a ppi claim of £2.600 pounds my wife has since left me and has taken half of that amounti may still be able to meet half that amount but she itends to make me go bankrupt would i be able to put the iva in my name only and pay a reduced amount because i have lost my wifes salary
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MrsR
- Posts: 1201
- Joined: Mon Oct 31, 2011 9:30 pm
- Location: United Kingdom
Post
by
MrsR » Thu Feb 07, 2013 11:15 pm
Hi Robert,
Iva's are normally interlocking, slk would speak to your IP first thing and tell them about the changes, including the ppi issue.
They will most likely want you to complete a new income and expenditure form to show your new surplus amounts, then they will be able to give you the best advice on what to do next.
Good luck!
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
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kev59
- Posts: 775
- Joined: Thu Sep 22, 2011 8:03 am
- Location: United Kingdom
talk with you ip, there will be a way to workit out.
I know mine was so helpfull when I lost my job and got a new one with a lot less pay.
They help find a way, when I could only think about going bankrupt.
IVA now over with and it was worth it.
now starting my life again,
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kazzafunk
- Posts: 4749
- Joined: Sat Mar 19, 2011 6:47 pm
- Location: United Kingdom
Robert - sorry about your change in circumstances. Firstly don't panic, you need to call your IP and discuss. It will show in your proposal whether the IVA's can be split (ours stated if one failed they would both fail) but even if this were to happen, your IP could propose a new IVA or a variation based on your income.
Only your IP can advise on this as IVA's are individual to your circs but if you speak to them and are unsure of the advise come back on here and we can try and help further.
