IVA but life has changed

bsa77

Finally had my IVA accepted a year ago and have been paying £285 a month for 13 months now. All is fine and dandy but things have changed:

In August my girlfriend and I got married, the house is owned by her and I was down as paying rent and 1/2 bills on the house. I'm worried that now we are married the IVA company can claim the debt from her equity - can they?

We are also expecting a baby, in the autumn and I'm concerned that cost of living will go up, affecting the amount I have spare - my wife wants us to save so she can afford to take 12 months off work to be with the baby - will they help?

Lastly my parents have offered to clear the debt for me, now 47 months left @ £285 = £13395 - but my folks can only afford £11.5k - is it worth making an offer to settle?

Thanks.

Not_so_wise_one

As long as you / she are paying your fair share of the bills each then that is fine.
If the house is in her name only, then I am pretty sure they cannot ask her to release equity from it to pay your debt.
With regards the the large payment, I would possibly offer slightly less, maybe 9 - 10K with the explanation that they are getting their money now, rather than waiting.
All in though, speak to your IP who will be able to offer adsvice specific to your situation.
Good luck