Page 1 of 1
Posted: Sun Sep 25, 2016 11:57 am
by Briandm54
Hi i lost my job and informed my iva and was put on payment breaks but now my mam has had a stroke and been told has alzhimers but she looked after me dad who is very poorly so l become full time carer for both but only get cerer allowence for one how will this affect me iva only 1.5 year left
Posted: Sun Sep 25, 2016 12:14 pm
by kallis3
Hi and welcome,
So sorry to hear of your problems.
You need to speak to your IP company and explain the position and ask if your IVA can be closed down with payments to date due to the circumstances.
Posted: Sun Sep 25, 2016 12:59 pm
by Foggy
I agree with Kallis. Have a chat with your IP and see if the creditors will accept payments made to date and close the IVA. At the very least they could reduce payments if closure isn't acceptable. Certainly worth discussing.
Posted: Sun Sep 25, 2016 10:14 pm
by Michael Peoples
Creditors are normally sympathetic so I agree with the others. If you have any back up information it will help but your IP will be able to advise further.
Posted: Mon Sep 26, 2016 10:58 am
by Chris Whiteoak
It would also be worthwhile speaking to the Citizen's Advice Bureau to confirm you are receiving all of the income, benefits and support you are entitled to.
Posted: Mon Sep 26, 2016 4:28 pm
by Lisa Thomas
See if you can put forward a variation accepting payments to date in F&F or significantly reducing your contributions to whatever you can now afford.
Posted: Mon Sep 26, 2016 5:15 pm
by Briandm54
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Michael Peoples
Creditors are normally sympathetic so I agree with the others. If you have any back up information it will help but your IP will be able to advise further.
Posted: Mon Sep 26, 2016 5:23 pm
by Briandm54
I only get 250 month to live on with carer allowence so how can u pay reduced iva payment out of that
Posted: Mon Sep 26, 2016 5:58 pm
by kallis3
Speak to your IP and explain all of this - ask them to take your payments as full and final as suggested and do it asap.
Posted: Mon Sep 26, 2016 6:27 pm
by Foggy
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Briandm54
I only get 250 month to live on with carer allowence so how can u pay reduced iva payment out of that
We are not aware of the full circumstances in play here and can only give general advice and suggestions. Your IP is, or should be made, aware of what is happening in your life and is better placed to help you out.
Posted: Tue Sep 27, 2016 8:57 am
by Michael Peoples
If you no longer have a surplus income then creditors will normally accept what has been paid to date as full and final settlement. If your surplus has reduced creditors will usually sanction a reduction in payments.
In your case a closure seems appropriate but as Foggy says you need to discuss this with your IP who will have the full facts of your case.
Posted: Tue Sep 27, 2016 9:21 am
by Lisa Thomas
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Briandm54
I only get 250 month to live on with carer allowence so how can u pay reduced iva payment out of that
In which case my first suggestion should apply - see if you can put forward a variation to creditors accepting payments to date in F&F and close down the IVA.