I'm in an IVA since Nov 2006 - to end in Nov 2011.

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by Sylvie.hg » Thu Jan 14, 2010 9:40 pm
I'm in an IVA since Nov 2006 - to end in Nov 2011. Started with £650 a month but last year, due to my husband's retirement and my increased contribution to the household, my monthly payment was reduced to £450. I am still struggling to meet that payment and am wondering if the remainder of the total payment(£10,350) could be written off?


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by Shining » Thu Jan 14, 2010 9:56 pm
Hi Sylvie and welcome to the forum.

I'm sorry to hear you're struggling. I would definitely talk directly to your IP and see if they can help further in the first instance.

With respect to other options I'm sure a professional poster will be along soon to advise.


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by MelanieGiles » Fri Jan 15, 2010 12:30 am
Probably not written off - but I am sure you could arrange a further reduction in payments if you are not affording the current levels. As the others have said - a good chat with your IP is essential here to know what options there are actually available to you.
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