Having a baby during you IVA

[Debt Monkey]

This is a question for the experts. About a year into our IVA my wife an I were told the only way we would ever be able to have a child was though IVF. My wife is not happy about waiting until our IVA is concluded in three years as she will be over 35 then. My question is how would our creditors react if we were to get pregnant via IVF at a cost of approximately £3,500 which our parents and grand parents have kindly offered us as a succesful result would obviously result in reduced contributions due to maternity pay and additional expenditure?

Also if they money our parents offer us is paid into our bank how will our IP react at the annual review?

Any thoughts greatly appreciated.

DM

[MelanieGiles]

A lot of couples manage to continue with their IVA when they have children - usually through a little juggling and maybe a bit of a payment holiday.

You absolutely have to take this opportunity, and I can fully understand that your wife wants to get going straight away, but probably best just to advise your IP and there is no need to do anything more at this stage.

The very best of luck to you both.

[debbiw]

good luck , my friend had ivf, and has now got twins, i hope it works out for you both x

[Adam Davies]

Hi
Go for it
Your IVA can usually be varied to accomodate your wifes pregnancy
The very best of luck

[Soulgrowth]

Hi debt monkey ... reading between the lines of your question though was it not more about if you can afford £3,500 for IVF treatment should you not be including this as a windfall? Is that what you are trying to say i.e would creditors look down on this.

I suppose, though, that the IVF treatment could be classed as a gift ... no money has to change hands ... and what a gift that would be ... and how ecstatically happy your grandparents and parents would be over it if it were successful! A wonderful present! [:)]

Good luck

Debbie

[Debt Monkey]

Yeah, well if it is classed as anything else we would not do it, but yeah when it comes to the annual review and our statements show a £3,500 deposi and a £3,500 payment to a private hospital just want to make sure we wont get our wrists slapped! Will speak to my new IP at Grant Thornton once the Debt Matters transfer is complete!

[Soulgrowth]

That's what I meant Debt Monkey ... but couldn't your parents/grandparents not give you the money BUT instead pay the clinic fees directly for you?

Debbie

[Debt Monkey]

Yes that would be a possibility, little bit more awkward but sure it could be achieved, will see what the IP says.

[angela18]

that would seem wiser, then no actual money would have been passed over

[Soulgrowth]

DM ... if it was a gift, I don't even see why you would have to pass it by your IP, I don't see that it would be anything to do with your IP ... afterall, we don't have to account for the Christmas and birthday presents we receive do we ...

Debbie

[MelanieGiles]

It's not a problem if the money is banked in your account - there is no question that this is not a windfall.