Posted: Tue Apr 12, 2011 2:25 pm
Hi,
Can I please ask some advise?, has anyone else been in this situation during their IVA?
My husband and Myself both work fulltime. He works 39 hrs and I work 43hrs + as a salaried manager. We pay £569 per month into an IVA and have been in it since october 2009. We have just had a payment break to buy a car and the payments have now increased to the above amount from originally being £366 per month. The problem is that we have twins age 7 and childcare is becoming very difficult especially after school and we are under great pressure and stress which is affecting us and the children as they miss us. We have discussed the possibility of me taking demotion and reducing my hrs so i can be more of a mum to my children but when I have contacted our IP he seemed very unsympathetic and said he would have to call another meeting with the creditors if I reduced my hours and they will want us to extend the IVA by a further year!!....I feel we are being punished and that there is no way out!, we have entered into an IVA to try and do the right thing but we a suffering as a result. £569 is a sizeable contribution.
Can I please ask some advise?, has anyone else been in this situation during their IVA?
My husband and Myself both work fulltime. He works 39 hrs and I work 43hrs + as a salaried manager. We pay £569 per month into an IVA and have been in it since october 2009. We have just had a payment break to buy a car and the payments have now increased to the above amount from originally being £366 per month. The problem is that we have twins age 7 and childcare is becoming very difficult especially after school and we are under great pressure and stress which is affecting us and the children as they miss us. We have discussed the possibility of me taking demotion and reducing my hrs so i can be more of a mum to my children but when I have contacted our IP he seemed very unsympathetic and said he would have to call another meeting with the creditors if I reduced my hours and they will want us to extend the IVA by a further year!!....I feel we are being punished and that there is no way out!, we have entered into an IVA to try and do the right thing but we a suffering as a result. £569 is a sizeable contribution.