www.iva.co.uk

Can someone give me some advice.Been om iva for 18months at the moment me and the wife are not living togeather.Iam stopping at a mates house and paying money to him.What can i do now as we both cant pay the full amount for my iva

Hi
Speak with your IP as soon as possible, he or she may be able to seperate the IVAs so that you can each pay your own.
Regards

spoken to my ip there sayif i dont start paying the right amounti would fail my iva and the credits could come and ask for full payments.But there have not said about d/m or bankruptcy

Is the IVA just in your name Starboy? If so, then that is probably why the company have said you will default if you don't pay. Not very sympathetic if you are having problems.

Have you asked for a payment break while you sort yourself out?

If they do fail you, then yes, the creditors will start chasing you again and all interest and charges will start again.

Speak to them again and mention about a DMP or bankruptcy and see what they suggest.

Hi
I would guess that you have only spoken to front end staff, your actual IP will be more understanding.
Well I would hope so
Have another word with your actual IP
Regards

If you are having difficulties making the full payments to your arrangement, which is not surprising really considering your changed circumstances, then, as long as you are able to make an alternative offer to your creditors, the Supervisor of your IVA is able to return to the creditors and ask them to accept a reduced offer. He or should not dismiss your problems out of hand as he or she appears to have done.

As Andy says speak to your IP directly if you are not getting any help from his or her staff.

Spot on Liz - Your IP should (a) be sympathetic and (b) suggest alternatives, provided you are able to offer something reasonable. good luck.