IVA change in circumstance. Please HELP?

lols82

I took out an IVA in August 2009 as was in about 15k debt, since then i went on maternity leave in Feb and took a 9 month break.....however i am now due to return to work and continue with my IVA payments.

Due to childcare costs and not wanting to return to work full time i made a decision and handed in my resignation yesterday.

I am now looking for a part-time job with hours that will suit me for childcare however i am really worried that i am unable to make the IVA repayments.

I only rent my home so know i could consider bankruptcy however the thought of it really scares me with the long term effects!:o

I need some advice please

Thanks

Lauren

milliemonster

you will need to contact your IP and discuss the situation with them

FoggyBrain_2

If you have no assets and no disposable income, provided your debts are now under £15,000 you might be able to look at a DRO (I know not of the terms and conditions of such a beast though). But, best thing is to have a frank chat with your IP.