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CAN YOU RECIEVE A IVA IF YOU ARE UNEMPLOYED ?? ANMD OPNLY RECIEVING FUNDS FROM FAMMILY AND LOOKING FOR WORK.

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

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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