www.iva.co.uk

We are 2 1/2 years into our IVA, Paying back 75p in pound(£1300 per month). My husband and I both work full time, and we have five children.
With my IP's consent, I changed jobs in October last year (very similar salary) but the working patterns are less much flexible, and in order to juggle child-care and being in work for the requisite hours, I am out of the house for 13 hours, returning with five very tired children. I am completely exhausted, and not sure whether I can sustain this any longer. My childcare bill is huge
How favorably do you think creditors would view a request for reducing my hours,thus reducing childcare costs? I have calculated a more realistic working pattern, which would mean a drop in our monthly payments by 35%. (assuming my employer would allow me to do this)

If the creditors do not agree, I think we may have to file for bankruptcy anyway due to the pressures we are under. I am resenting my job and the IVA as I never see my children (ages 8 and under) We want to pay back what we can but not at the expense of our sanity/family.


Thank you

Hi there and welcome to the forum

That is a very long day and I am not suprised that you are exhausted. I am sure that, given the high level of dividend you are offering, that creditors would be happy for you to rejuggle your finances to have a bit more leisure time.

Talk to your IP to see what they have to say - I would agree to it if you were my client.

Thank you

And me too - so I am sure your own IP will - let us know how you get on.

You have nothing to loose - I am out of the house for 13 hrs a day too, although unfortunately just have hubbie to come home to so i know how you feel - exhausted and very little work life balance ! I have just secured an informal agreement with my boss that I will work from 7.30am - 4pm with 30 mins for lunch - hopefully I will then be home by 5.30pm instead of 7pm !!!!! I have to leave home at 5.45am each morning to beat the traffic as I have to travel on the M1 near the M25 junction !

That is a long day lulij. I am in my office for about 6.15 am and get home for about 7.30 pm with very rare breaks for lunch!

goldie, I hope you manage to get something sorted out. Your kids and hubby need to spend more time with you, and I don't suppose it's doing your health any good either.

Let us know how you get on.

Thank you for your support. I will have to resolve the situation one way or another.

We will still be able to pay a reasonable dividend on our original debt. It would be very frustrating to have to go bankrupt when we are half way through!

Thanks