Kate.w wrote:Ok long story, i’m 3 years into a 6 year IVA. The IVA is in my name and I have no assets. However, the IVA was based on a joint income and i’m no long with my partner but still living in the family home (we have 2 kids together). My ex partner is allowing me to live in the house until the end of the school term and then he wants me out. Can anyone advise on what to do with the IVA? I can’t afford the £300 a month fees? Many thanks
From the marital point of view, I suggest you seek legal advice. Your ex cannot simply throw you out.
Do you jointly own the house as bankruptcy may be an option? Speak to your IP and do a new I&E. This may result in a lower figure being put to creditors for consideration. If there is simply nothing left to go towards an IVA payment, they may consider completing the IVA based on payments made to date.
Who is onlineUsers browsing this forum: No registered users and 15 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location