we will not b able to afford the iva

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sarah b

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Post by sarah b » Mon Jun 30, 2008 12:59 am
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at present my husband and i r in a iva we have been payin since nov 2007. i am due 2 have a baby in nov there for will only recieve stat maternity pay, we will not b able 2 afford the iva repayments then. where do we stand?
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MelanieGiles

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Post by MelanieGiles » Mon Jun 30, 2008 1:01 am
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Hi sarah and congratulations on the new baby!

You need to discuss this with your IP to see if there can be a reduction of payments whilst you are on maternity leave. Then, depending upon your plans for the future, it may be possible to get the IVA back on track once you have returned to work.
Regards, Melanie Giles, Insolvency Practitioner
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facingittogether

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Post by facingittogether » Mon Jun 30, 2008 1:03 am
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hi sarah

welcome to the forum and congratulations on your baby news, hope you are well!

i am not a expert but if i were you i would contact your ip to see if you can have your iva payments reduced, i shouldnt think there will be a problem!

good luck and let us know how you get on!

barb x
12 down - 60 to go! woo hoo!
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