I have been in an IVA since September 2006. I have really struggled to make payments as I had a baby and went onto maternity leave (which just covered my monthly IVA payment) & then went back to work firstly full-time but then transferred to a part time role due to my full-time role being made redundant. I live in my partners flat and have always paid a minimal contribution (hardly anything) to the bills etc. However, his hours got cut in October 09 & so I needed to pay more to the rent and bills. I stopped paying my IVA (last payment being 09/06) & a family member offered me a sum to offer early repayment. However this has now been withdrawn as they need to use the money they were going to lend me & so I do not know what to do! I know I should speak to my IP for advice but they always make me feel so nervous and like they want to get me off the phone. Can anyone give me some advice as to what my options are? I cannot afford to carry on making my existing payments to my IVA.
You are right that you should speak to your IP and you should not be afraid to ring them. If you are not happy with the people you speak to you could email your IP directly and this should help.
Given that you do not have a surplus or a lump sum to offer the only realistic options are to have creditors accept what has been paid as full and final settlement or to petition for bankruptcy. If you cannot afford your IVA payments you will have to stop paying but speak to your IP firm urgently so they know the reason why. Hope it works out for you.
If you don't hav his/her email address it can be found at;
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