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Posted: Wed Aug 17, 2016 10:06 pm
by philcre
My wife has left our marital home.The iva is solely in my name and i have just started year 6 to close.Can someone please advise me on where i stand as her wage was taken into account in the expenditure.
Posted: Thu Aug 18, 2016 5:26 am
by luluj
Sorry to hear this. I would speak to your IP and ask for a full income Bd expenditure review. You maybe in a position to seek closure based on payments to date if there is insufficient budget now available to continue your IVA.
Good luck
Posted: Thu Aug 18, 2016 8:39 am
by kallis3
Sorry to hear of your problems but agree with luluj that you need to inform your IP asap and hopefully be able to close the IVA.
Posted: Thu Aug 18, 2016 10:07 am
by Foggy
As above -- you need to have a full and frank chat with your IP. At the very least a new I&E will need to be conducted to assess the viability of the IVA going forward. Also discuss the possibility of a variation asking the creditors to accept payments made to date in closure of the arrangement.
Posted: Thu Aug 18, 2016 11:51 am
by plasticdaft
A full review of I and E is required. Without her income would you be in a position to make any payments into the iva? If not then hopefully your IP will see sense and look to close things down with payment to date being sufficient.
Paul