hi we have been in an iva for 20 mths now my husband has ill health his 69 im 52 we have interest only mortgage and have 3 years left to run can we get out of iva due to my husband’s failing health or will i still need to pay please answer
You can try to see if you can close down your IVA with payments to date or you could offer a full and final if you could raise funds from a family member perhaps, otherwise you will have to continue paying.
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
I would explain your circumstances to your IP and suggest a offer of payments to date based on your ability to continue paying due to change of circumstances of your husbands ill health - they can put it to creditors to gain a decision.
Be prepared to explain in detail your change of circumstances, as I believe the more they are told, the better informed they are to make a decision
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
We cannot really add much more to the replies already given on this subject in your other posts. It boils down to you and your IP working, hopefully, together to find a way through this. Have you discussed the situation with him or her yet ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
