Get expert opinion. This is the place for new questions to be posted.
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gone-to-us
- Posts: 43
- Joined: Sat Aug 01, 2009 1:15 pm
- Location: USA
what lines should he write [:D]
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Debtwitch
- Posts: 379
- Joined: Thu Jul 16, 2009 5:30 pm
- Location: United Kingdom
You're right Otter - the IVA was originally put in place to help business people, but it has been of help to general consumers alike and this has been the majority using the solution.
Hi SUMA
Unemployed individuals aren't actually prevented from proposing an IVA, but the current protocol in place wouldn't necessarily support it.
An IVA proposal needs to look at a compromise, it's a negotiation tool so you need really to be in a position to bring an offer to the table.
If you're anticipating your unemployed status to be a temporary situation, it could be that an IVA is suitable and could be based on token payments/debt management plan until this point or an IVA if there is something less speculative, perhaps a definite event to focus on.
If in any doubt, contact an IPs office or debt advice service for information - or you could put some more info on here; there's alot of support and advice that can be offered here.
Kind regards,
Angela Rosler
Insolvency Manager
Helping people with their debt problems for nearly 10 years.
Contact me directly for free, impartial, confidential help and guidance.
