i live alone, but will marry in 8 weeks to a thai girl, she will move to the uk for 2 years, i will have to support her as she can not work for 1 year, as her visa states. this will cost me more and effect my monthly out goings, can the iva be reduced?
You need to speak to your IP about this, explain your circumstances and ask for a reduction. Your IP can reduce payments by up to 15% but anything above that would have to be referred back to your creditors for their agreement.
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