can i do iva with only wife working

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Post by ken.rn » Thu Jul 29, 2010 11:02 am
i am out of work but wife is still working have agreed reduced payment with mortgage and other secured loan and have contacted other non secured and sent letter paying just five pounds a month but still getting letters calls etc can i do iva with only wife working

Michael Peoples

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Post by Michael Peoples » Thu Jul 29, 2010 11:05 am
There is nothing to stop you doing an IVA on one income and when you do find a job your case would be reviewed. Get some free advice from an insolvency firm.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit


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Post by Shining » Thu Jul 29, 2010 11:49 am
I have already posted this link on another post of yours but would suggest you choose 2 or 3 companies to talk to, you will get free case specific advice and be able to decide on a debt solution suited to you x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.


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Post by MelanieGiles » Fri Jul 30, 2010 12:26 am
Do you have any disposable income, having taken into account your wife's lost salary? I am afraid that £5 per month per creditor is unlikely to be acceptable in an IVA. What are the chances of your wife returning to employment in the near future?
Regards, Melanie Giles, Insolvency Practitioner
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