Hi there,
I'm about to enter into an IVA. Or at least I think I am. I've asked a lot of questions, all of which have been answered. But one of my main concerns is how it will effect my personal life in the future.
I'm 30 years old and single, but would like to get married one day. I'm wondering how this would affect my IVA or future partner.
When it comes to a wedding, how would you go about paying for it? I think my parents would be kind enough to pay towards it, but would that count as windfall, or a gift?
And I know many people pay for wedding things on a credit card, which I of course wouldn't be able to get on an IVA.
The same with a house. If my partner owned a house or wanted to buy, how would that work on an IVA? I wouldn't want it to effect anyone but myself.
I'm dying to talk to my parents about all this but they'd be so worried and upset I just can't do it. I can't let them try and help me and I know they would as they wouldn't be able to afford it and it's not their mess to sort out. Finances are a personal issue and I don't think I should involve them if I can help it. Or anyone for that matter, but with things like this I don't know how you'd keep having an IVA a secret. Everyone has credit cards these days so not having one or not being able to get one, I imagine, would raise questions and potentially cause issues.
Any advice would be so appreciated!
Thanks.
Keeping an IVA secret from nearest and dearest is very hard as well as being a strain on you, which, in turn, will give them cause to wonder.
With regards to a wedding while you are still in the IVA your parents could simply pay for bits and bobs directly with the supplier -- again they could start wondering why.
If you purchase a house while in the IVA it would have to be solely purchased by your spouse and totally in their ownership, as would the mortgage.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi, I got through 6 years without telling a soul about my IVA, it wasn’t easy. There were times when I thought not having a credit card would be a massive issue but I managed.. you just adapt. This forum was a massive help. I have read about people getting married having children etc on here. You just have to be confident in the relationship with the firm you choose.
I would always say you should tell a spouse/partner about this. Always best to be up front.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
