Between the two of you your outgoings will increase considerably and, if the mother of your children is forced to rely on benefits, her IVA could fail .. throwing her back into debt.
My marriage went south during our interlocking IVA's and, after doing a realistic new I&E each, both IVA's were not sustainable --- the reality of running two households does not stack up against a paper calculation.
Partner works part time school hrs..in theory she should get working tax payments there currently £10 a week child tax credits...she should be able to get more two kids, rent rebate?... Think is thou it's not knowing what income she will get should I leave regards benefits, we know wage and child maintenance should £300 month as advised government site two kids...it's tough call.. We are under strain and I'm just looking at options myself at this moment..
Life in an IVA is by no means easy, but, when you roll with it, it is doable and far better than the life before, with all the previouis stress of dodging debt.
Your kids will not come out of a separation unscathed either.
You are nearly half way through ... I would say, sit down, examine the budget and live within it. Get the IVA done and dusted .... you will only benefit if you learn the lesson, which you are fighting doing at the moment.
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