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IVA question
Comments
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Hi Steven
In brief:
No direct implications on your partner. Unless you have applied for and/or taken out any joint financial commitments, your respective credit files will not be connected, regardless of cohabitation status.
As for the IVA, well it would be wise to make your insolvency practitioner aware of your change in circumstances as they may wish to review your income and expenditure. This may leave you being asked to pay more/less/same as before, depending on how the potential move affects your level of disposable income.
No reason on the face of it though that the IVA should be fatally undermined by this.
Regards
Dennis @NDLWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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