My husband and I have been in an IVA since March 2013. We paid religiously every month and always sent the documents for each annual review back promptly, we increased the payments when we were able to. Then, I had to give up work last year due to my son's disabilities, it's been awful but we tried to maintain our payments and eventually took an agreed 3 month payment break. During this time, I spoke to our IP and advised them about the change of circumstances with me giving up work, they sent me a change of circ form to fill in which we did in Jan this year, along with a new Invome and Expenditure with all the evidence. I had to keep chasing and eventually had to re-send the documentation in February. We were not in a position at all to make the payments so the payment break was extended whilst the change of circ was looked into. I've since chased them every month and nothing has happened and I haven't made payment. They called me at the end of August about payments and I went through everything, he wasn't very sympathetic and put me through to the beach team which could then see on my account how many times we had contacted them since Jan to try and get it sorted. When she's loomed she's advised that the reason I hadn't heard anything is that when they've looked at my I&E and bank statements, our disposable income was only £30 but they couldn't set the payment up for that but nobody has told us this! She has suggested, because if how much we'd paid over a period of 3.5 years that a variation meeting is called and the creditors are being asked if they will accept what we've already paid as a settlement given the change of circumstance and the reason for this - I provided solid evidence of why I HAD to give up work. Has anyone heard of this before? I'm absolutely terrified, the variation meeting is on 4th October and it's constantly on my mind as I don't know what I'm going to do if it's rejected! I think we've paid about £9.5k and the debt was £18k but then fees etc need to be taken off, paperwork says that if it's accepted, the creditors will get 35.21p in the £ whereas before, they were going to get 54p in the £ so not sure they'll accept it . I don't own my own house, I rent and have no assets.
Thank you for any help/advice!
Fingers crossed for you.
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