I am just over 3 years into an IVA and have now become unemployed

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Hola17

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Post by Hola17 » Thu Oct 06, 2011 10:47 am
I am just over 3 years into an IVA and have now become unemployed. I know about the payment break but what happens after this period has elapsed?
 
 

oscar

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Post by oscar » Thu Oct 06, 2011 10:57 am
Hola17 I'm sorry about your job situation. You have come a long way into your IVA. Contact your IP directly to get the exact answers you need. This way you'll know exactly how you stand. Best wishes
Oscar
Last edited by oscar on Thu Oct 06, 2011 10:58 am, edited 1 time in total.
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kallis3

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Post by kallis3 » Thu Oct 06, 2011 12:02 pm
Hi and welcome to the forum.

Do speak to your IP as soon as possible. You may well be able to take a break of up to six months while you look for another job.

If you can't get one, would bankruptcy be an option for you?
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gdb

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Post by gdb » Fri Oct 07, 2011 9:35 am
Thanks for all your comments. My IP is already informed of the situation. I was just wondering if there was anyone out there who had been unemployed over the 6 month payment break and what were their experiences to date?
 
 

malcome

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Post by malcome » Fri Oct 07, 2011 10:06 am
Hi sorry about your job. This happened to me. I made small token payments for five months. Didn't quite hit the sixth month though. Got a temp job. Took anything. Then had a variation meeting. Extra year added on. Keep yr hopes up and try not to worry x
 
 

gdb

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Post by gdb » Fri Oct 07, 2011 10:54 am
malcome wrote:

Hi sorry about your job. This happened to me. I made small token payments for five months. Didn't quite hit the sixth month though. Got a temp job. Took anything. Then had a variation meeting. Extra year added on. Keep yr hopes up and try not to worry x
Thanks for your post Malcome.
 
 

Shining

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Post by Shining » Fri Oct 07, 2011 11:16 am
Hola hopefully you'll find alternative employment before too long. Do keep in contact with your IP as they have the discretion to do a lot of things to help you.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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