Iva debt

[Stressesw1fe]

So last year we had some problems and I thought it was stress of financial issues so agreed to take an Iva in my name alone. The idea was keep hubbys name clear incase we ever needed to get credit for emergencies.
Well he has now left me.... with all the debit and no help. I’m struggling with the emotional side of him leaving but now i have to leave my private rental as I can’t afford the rent. I can’t private rent due to credit rating so am waiting for help with social housing and may need to go into a hostel.
The icing on the cake is my car is in his name on finance and he is threatening to take it off me. I am a remote worker and my car is essential for my job.
When I am rehoused in a cheaper property i can afford the car payments but until then i am struggling.
I don’t know what has happened to my husband, I don’t recognise this man.

Could you not ask for a break from your IVA while you sort it all out?
Did you include his income in your proposal? Also, in terms of your expenditure did you split the costs? If you did, you could make you IP aware that your costs have just gone up as they are not shared anymore. They may be able to sort a change with your creditors. I have an IVA so I empathise with you. X

His income was included so I’ve told them the situation and it is going for a virtual creditors meeting. I am sure the monthly payment will go down. That’s not the problem so much, it’s him leaving me with everything to deal with and on top of that threatening to take my car. I really want to know where I stand with it. The car has always been mine even though it’s in his name, I have the insurance in my name for business use. I feel he’s just using the threat to hurt me

What a fucking shit! OP.

Presumably you can’t have the car in your name because of the IVA?

Are you on your own or do you have DC together?

Anyone who would buy you a car outright (cheaper used car)?

I have 2 kids from 1st marriage. We have been together 8 years. Unfortunately no one to buy a car and I travel miles daily for my job in lanes etc so need it to be reliable. I am hoping that I can sort a company car and tell him to stick it where the sun doesn’t shine

He’s done a proper job on you and legally I can’t see what you can do? Maybe arrange to see if the CAB can help

Depending on the amount of debt you have you might want to consider cancelling your IVA and taking a DRO instead.

This may be more suitable for you if your IVA is no longer affordable.

Perhaps call stepchange and ask for their advice. They are able to help manage a DRO if they feel it is the best option for you.