Hi all me and my partner are getting married next year abroad and just wondered if it will affect our iva? i'm lucky that my parents are paying for it, but keep thinking am i actually alound to be going away while in an iva??probley just being silly!! also we're having our second baby in feb and just wondered when we should tell our iva company?my salary will go down to maternity pay and wondered if we can reduce our payments?
Any replys will help put my mind at rest,many thanks[:)]
Yes, you are allowed to go away when in an IVA, especially when someone else is paying for it!
Congratulations on the pregnancy and forthcoming wedding.
I would speak to your IP company now and inform them of the change of circumstances. You might be able to take a payment break.
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
My Mil has funded a week away for myself and hubby in November, the wedding sound idyllic. Hope you have a great time and a big congratulations from me on the wedding and the new addition due in February.
As Jan says talk to your IP x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
If your parents are paying all of the expenses for the wedding, then it is up to them how they spend their money and I hope you all have a great day.
With regard to your current preganancy, you should immediately inform your IP of this, and start considering how the arrival of the new little one may affect your monthly budget and hence IVA payments.
I got married in May - very low key and was paid for by my parents, who are aware of the IVA. They paid for us to have a mini honeymoon too, bless them!
Congrats on the forthcoming wedding and new baby[:)]
Melanie is completely right of course, if your parents are funding it then you shouldn't worry about going away.
However, if your salary will reduce in the future then you should tell your IP as soon as possible. They will advise you on whether it would be possible to organise a payment break or a reduction in contributions - your creditors will need to vote on any change to the original proposal, so it's best to discuss this as early as possible.
