how would me leaving my job afect my iva ?? the iva is mine and was started before i met my husband however due to him recently starting a new job we are having issues with chidcare , we both work unsociable hours and fees for childcare are just not an option and it would be near on impossible to find a child care provider who would or could work these hours and we have no family living close by to be able to help . thank you
Welcome to the forum. If you left your job would you still be able to afford your IVA payments each month ? Has your husband's income increased enough to support you all as a family?
I would suggest a call to your IP to seek a review of your circumstances.If you were yo give up your job is there any scope for part time job working around your partners hours even if it were evening or night work?
Last edited by luluj on Sat Oct 27, 2012 8:40 am, edited 1 time in total.
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Hi I'm just starting my last year of the iva if I have to give my job up which is looking like our best option right now then yes it would mean I could no longer pay my iva as I would be loosing my earnings , because of the iva me and my husband have always kept our finances separate he is ok to take on all the household bills food and even my separate d/d I have but he won't pay for my iva which I understand as he doesn't and never had debt of his own if he couldn't afford it he never had it and good on him wish I was the same but my debt was built up trying to feed and clothe my bundles of joy . So what I'm asking is what could happen with the iva any advice would be appreciated b4 we make a final decision and go to the ip . Ty
Your creditors may accept a F&F with payments made to date, but as you are making a choice to leave work it isnt a certainty. As it is your husbands job which has jeopardised child are arrangements, can be not contribute the additional money required for fees? Just playing devils advocate x
Thanx broke I see what your saying and it makes sence but getting childcare for the hours we need would be near on impossible but not ruling any options or advice that is given .
Have you considered an au pair? They actually work out cheaper than childcare as they only receive pocket money and board in your house. My parent used them and the going rate was about £50 per week (although that was a few years ago!!!) and they can help with the housework so when you're not working you get quality time with the children.
No not something I've ever thought about as b4 I met my husband I'd always used a childminder . And yet again another good idea but wouldn't work for us as we are over crowded now with 5 kids between us and only 3 bedrooms .. guess there's always the shed . Lol
I would definately consider asking for the IVA to be concluded on grounds of the payments you have already made. With only one year left to pay, I would have thought that you stand a good chance of acceptance.
Hello Melanie thank you for your advice . That's good to know they may conclude on the payments made to date but giving my job up is the last resort so will try and find other options before we make any decisions
