what will happen if i can not afford the payments

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patricia.c

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Post by patricia.c » Tue Jul 24, 2007 9:56 am
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i have been in a iva since 2005 i was on my own then.i have a new partner now we are on income support as he is unemployed,i have now have to support him on my disability benefits as he does not get any money.what will happen if i can not afford the payments
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Oliver

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Post by Oliver » Tue Jul 24, 2007 10:02 am
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If you can't afford your IVA payments your IP may be able to vary your agreement. However, this would have to be done with the express agreement of your creditors. I doubt whether you would be able to secure such agreement as you are unable to pay due to supporting a new partner who is not working. Why is your partner not entitled to any benefit themselves?

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Oliver

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Oliver
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iva_squirrel

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Post by iva_squirrel » Tue Jul 24, 2007 10:13 am
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Hi patricia.c

I think you should talk to your IP as soon as possible and explain your new circumstaces. If you can't afford the payments you should ask for a variation meeting.
Is your partner looking for a job?

Regards,
Michelle P.
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