Guys
There are things in life that are more important than paying debts - and having a much longed for family must surely fit into that category. Kit is absolutely correct, having a baby is going to affect your budgeting in some shape or format, as child benefit and tax credits do not cover the additional costs involved. If the IVA can be varied downwards, then this is worse a try, but the thought of couples putting their family planning on hold due to the existence of an IVA is slightly alarming, and something which ought to be thought through at the beginning.
Baby vs bankruptcy? I don't really think that you can compare the two.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk