Partner lost job while I am in IVA

Get expert opinion. This is the place for new questions to be posted.
8 posts Page 1 of 1
User avatar
AJ33
Posts: 6
by AJ33 » Fri Jun 29, 2018 1:26 pm
I am in year 6 of my IVA and my partner has just lost her job... is this likely to affect my payments going forward?
User avatar
MerlinL14
Posts: 1438
by MerlinL14 » Fri Jun 29, 2018 1:33 pm
Most definitely. She would have made up shortfalls and bill payments during your IVA so you need to inform your IP that you are now the sole earner and you will require to complete another I&E. Do you have much longer to go or are you only just at the end of year 5 payments?
User avatar
AJ33
Posts: 6
by AJ33 » Fri Jun 29, 2018 1:40 pm
Thanks for the reply... I think I have around 10 payments left. Currently paying £424 but that will be a struggle with just my earnings and household bills etc...
User avatar
Foggy
Forum Expert
Posts: 26880
Contact
by Foggy » Fri Jun 29, 2018 2:41 pm
As her contribution to household expenses will be reduced yours wil have to be increased to make up the shortfall -- this will reduce your disposable income. As Merlin says, a new I&E woud be in order.
User avatar
MerlinL14
Posts: 1438
by MerlinL14 » Fri Jun 29, 2018 6:17 pm
With 10 payments left AJ33, I would definitely tell them and get a new I&E filled out and sorted.
User avatar
AJ33
Posts: 6
by AJ33 » Sun Jul 01, 2018 11:50 am
Thanks for the info guys, I will ring McCambridge Duffy in the morning.
User avatar
AJ33
Posts: 6
by AJ33 » Mon Jul 09, 2018 4:29 pm
Spoken to McCambridge Duffy and they have postponed 2 payments for me, and they will be added on at the end. If my partner hasn’t got a job in the next 2 months they said they can write to the creditors and ask to settle as I have completed the 5 years and am now in year 6...

Is this the norm?

Thanks again
User avatar
Foggy
Forum Expert
Posts: 26880
Contact
by Foggy » Mon Jul 09, 2018 4:50 pm
AJ33 wrote:
Spoken to McCambridge Duffy and they have postponed 2 payments for me, and they will be added on at the end. If my partner hasn’t got a job in the next 2 months they said they can write to the creditors and ask to settle as I have completed the 5 years and am now in year 6...

Is this the norm?

Thanks again



Your IP is being helpful ... should be the norm, but not always the case across other firms in the industry!
8 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 28 guests