Most definitely. She would have made up shortfalls and bill payments during your IVA so you need to inform your IP that you are now the sole earner and you will require to complete another I&E. Do you have much longer to go or are you only just at the end of year 5 payments?
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
Thanks for the reply... I think I have around 10 payments left. Currently paying £424 but that will be a struggle with just my earnings and household bills etc...
As her contribution to household expenses will be reduced yours wil have to be increased to make up the shortfall -- this will reduce your disposable income. As Merlin says, a new I&E woud be in order.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Spoken to McCambridge Duffy and they have postponed 2 payments for me, and they will be added on at the end. If my partner hasn’t got a job in the next 2 months they said they can write to the creditors and ask to settle as I have completed the 5 years and am now in year 6...
AJ33 wrote:Spoken to McCambridge Duffy and they have postponed 2 payments for me, and they will be added on at the end. If my partner hasn’t got a job in the next 2 months they said they can write to the creditors and ask to settle as I have completed the 5 years and am now in year 6...
Is this the norm?
Thanks again
Your IP is being helpful ... should be the norm, but not always the case across other firms in the industry!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
