Hi this is my first time posting so I hope I get it right!
A very good friend of mine has an IVA with her dh. They had a lot of debt, struggling to make minimum payments etc so felt this was best route for them. They've been managing to keep the payments and everything is on track. Recently a relative of my friend died and she received a modest lump sum. She also inherited a sixth of a house - the rest is owned by her mum and sister. This house is rented out and so she is now receiving her sixth of rental income.
My friend wants to declare all this to the IVA people - she says its in the agreement that she must tell them. Her dh sees this as an opportunity for them to have a bit of money and that he will never forgive her if she takes this away from them. She is really scared that they will find out and then she will end up with a criminal conviction - as well as having to repay the money. She is also worried that if she says nothing and then later on after the IVA has ended it comes out she could still be in trouble.
This stress is making her ill. She recently had her third baby and has been doing so well (has a history of depression) but she says she can't stop thinking about all of this and worrying about the implications. Her mum knows about the IVA but her sister doesnt - presumably an attachment would be placed on the house so that if it was sold my friend would have to hand over her share to pay her debt but that shouldnt affect her mum and sister should it?
I'm sorry to go on a bit but I really don't know what to say to her. She doesnt want to fall out with her dh - but she can't go on like this. Does anyone have any advice or knowledge about the implications if she doesnt own up?