www.iva.co.uk

Hi all, I am approaching my first annual review. My that first year has gone quick. When i took out the IVA my salary was £1000 and my partners was £1500, my iva payment is £277. However since Jan of this year my partner has been unemployed, therefore we have lost his salary, he gets job seekers allowance of £60 per week. I have not reduced my payments on my IVA at all and have meet each payment. I have reduced my mortgage however which the mortgage company have agreed. I am worried though that on completing my paperwork it clearly shows now that I no "spare" cash at all I am in a minus. My father in law does gives us money each month to pay the mortgage, however we are still left with nothing. My question is will my IP look at the figures and decide that the best option is bankrupcy? As this is not a route I want to take. I have not missed any of my IVA payments or any other payments. I am just worried that they can just decide I can no longer afford my IVA. Any advice would be greatly appreciated. Thanks

Just make it clear that you are being aided by members of the family. So long as you are maintaining payments, your IP is unlikely to be too concerned where you are getting the money from, and I hope your partner finds work soon.

Would a payment break help until your partner finds work.

Payment break is always a good option and you should discuss this with your IP.