I posted a couple days ago about my GF becoming pregnant and what to do with my IVA (I am in last 12 months of mine) I emailed my IP (as much use as a chocolate fireguard) and they told me to do income and expenditure form, So filled in putting £200 per month towards baby, They said creditors not likely to accept that, may accept £100, Then today my GF has been told her job isnt safe, has 90 days to reapply in different location or another job within the company, or redundancy! I emailed my IP and advised of this, they told me to fill out another I&E ( understandable) then were talking about it failing!! Which has stressed me out even more!! I owe approx 3500 left, Surely due to circumstances they should put an offer of what I have paid so far as a full and final?
Sorry for the rant!!
A stressed Rich
Your circumstances have changed and therefore what you have paid in should be put forward as a F&F - your IP should do this at your request as at the end of the day it is your circumstances that have changed - it is too late in the day for them to even consider failing your IVA - no creditors would want to risk not receiving anything and seeing you go bankrupt after this amount of time !
You can contact your IP directly by finding their email on this link - http://www.insolvency-service.co.uk/newipsearch.htm
If you were my client, and your income and expenditure statement demonstrated that post-baby you were unlikely to have any disposable income left, then the obvious thing to do would be to call a meeting of creditors to see if they will accept what you have paid to date in full and final settlement. I feel sure that this would be acceptable given the circumstances you describe.
Two months before my 1st born is here, I will be debt free and looking forward to my debt free future with my 1st born, and who knows the 1st month of my freedom, may be spent buying a ring
We had the 1st scan on 4 March and seeing the baby (nickname is minibavo) on the screen was the best thing ever!! Was amazing!!
Will continue to come back on here and I will write up my full IVA story for us all, the highs n lows!! Hopefully it will be a good read!!
Will also let you know if she says yes and my ring shopping ability is good enough for her!!
Were not finding out what were having, were gonna keep it a surprise.
I am quite relieved about my GF's job, it was very stressful for her and the extra travelling time would have meant no time together, and far too much stress for GF and Mini Bavo, Money isnt everything, its quality of life and everything is going to work out fine for us and the start of our little family!
Really wish I had found this forum when I started tmy IVA those years ago,, would have made it alot easier on me!! But onwards and upwards!!
You might have to be frugal for a while longer, but GF won't be stressed (has to be good for her and the baby) and you can spend some quality time together.
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