www.iva.co.uk

Hi again all, I haven't posted for a while but I do call in and catch up on the forums whenever I get the chance. I now have need (yet again) of some of the very helpful advice that I have always got from the members here.

My IVA has been runnning for 6 months or so with no problems, unfortunately as of yesterday (Wednesday 19th) my partner is no longer working. To cut a long story short, she had to resign due to ill health (she suffers from depression and chronic asthma) and a boss who was not particularly understanding.

Even though the IVA is only in my name, her income was obviously taken into account when the IVA was being set up.

Due to her change of circumstances we are now bringing in about £600 per month less than before.

This basically means that things are going to go pear-shaped very quickly as her wages pretty much paid for the food and everyday living expenses and all my wages go towards the bills etc.

This pretty much means that I won't be able to keep up the IVA as it stands.

Can anybody let me know what sort of options I have or what I should do next ?

I'm scared I might lose everything just when things were starting to look better for the first time in 10 years


Thanks in advance for any advice

Jon

Sorry to hear about your partner but this does not mean the IVA will have to be failed. You should speak to your IP first and request a payment break. Your partner may be entitled to benefits which would make the situation a little better.

Contact a benefits adviser at your local CAB and see what the entitlements are. Once you know this you can do a new I&E and if your surplus has dropped your IP can call a variation. Creditors normally accept variations and reductions in payments in cases such as yours. Hope it works out.

Thanks for the reply Michael, I will get on to my IP and have a chat about a break. We are looking into what benefits she may be allowed.

Hopefully its not going to be as bad as it first seemed - I think I just went into a bit of a panic without thinking things through first.

Sorry to hear about your problems Jon - I hope you manage to get something sorted out.

Hi Jon,

Just adding to what Michael has said, you may want to have a look at http://www.turn2us.org.uk/benefits_search.aspx which will tell you what benefits you are entitled to.

Hope you find a solution with your IP