If you or your partner should become pregnant during the term of you or your partner’s IVA, it can be a worry that the reduced family income and the increased family expenditure may cause the IVA to fail because you may be unable to sustain the monthly contributions to your IVA. However, there is no need to panic. Continue reading
pregnancy
Pregnancy and Insolvency or Debt
Insolvency while Pregnant
Recently published figures estimate that the cost of rearing a child from birth to twenty one years of age can be up to £200,000. Let us suppose that you are in an IVA and become pregnant. The prospect of trying to sustain your IVA during your pregnancy and especially after the birth of your baby can be a daunting one. The undoubted joy of having a baby must be tempered with the reality that financial pressures will increase. Nevertheless, many debtors in IVAs have successfully overcome the challenges posed in these circumstances. Continue reading