Can you enter into an IVA if unemployed

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slim

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Post by slim » Sat May 12, 2007 4:14 pm
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CAN YOU RECIEVE A IVA IF YOU ARE UNEMPLOYED ?? ANMD OPNLY RECIEVING FUNDS FROM FAMMILY AND LOOKING FOR WORK.
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Adam Davies

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Post by Adam Davies » Sat May 12, 2007 4:20 pm
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Hi
You will need to be in work to consider an IVA,unless you can raise a lump sum from family etc and offer a full and final settlement to your creditors.
Regards


Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Sat May 12, 2007 7:40 pm
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If your relatives are prepared to fund ongoing IVA payments for you indefinately, until you find work, then I see no reason for you not to proceed. Your IP will need a letter of undertaking from your family pledging the monies.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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