Page 1 of 1
Posted: Thu Feb 07, 2013 11:07 pm
by Robert.cn
we have a joint iva we had a payment from a ppi claim of £2.600 pounds my wife has since left me and has taken half of that amounti may still be able to meet half that amount but she itends to make me go bankrupt would i be able to put the iva in my name only and pay a reduced amount because i have lost my wifes salary
Posted: Thu Feb 07, 2013 11:15 pm
by MrsR
Hi Robert,
Iva's are normally interlocking, slk would speak to your IP first thing and tell them about the changes, including the ppi issue.
They will most likely want you to complete a new income and expenditure form to show your new surplus amounts, then they will be able to give you the best advice on what to do next.
Good luck!
Posted: Sat Feb 09, 2013 5:04 pm
by kev59
talk with you ip, there will be a way to workit out.
I know mine was so helpfull when I lost my job and got a new one with a lot less pay.
They help find a way, when I could only think about going bankrupt.
Posted: Sat Feb 09, 2013 8:29 pm
by kazzafunk
Robert - sorry about your change in circumstances. Firstly don't panic, you need to call your IP and discuss. It will show in your proposal whether the IVA's can be split (ours stated if one failed they would both fail) but even if this were to happen, your IP could propose a new IVA or a variation based on your income.
Only your IP can advise on this as IVA's are individual to your circs but if you speak to them and are unsure of the advise come back on here and we can try and help further.