New Job???

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
 
 

how-did-this-happen

User avatar
Posts: 27
Joined: Mon Nov 23, 2009 2:31 pm
Location: United Kingdom

Post by how-did-this-happen » Thu Apr 15, 2010 9:35 am
Hi all, forgive me for I have sinned, its been 4 months since my last post/blog on here. Will update blog with the next cup of tea.
However I have a question. I am pre empting a possible situation really. My IVA was approved in December and we are currently 'adjusting' and trying to shoe horn ourselves into the budget. The other day I got a call out of the blue with a job offer, its a better job by far with similar money, better hours etc. My concern is that they will want to start me on less money until I have got to grips with it. Obviously I dont want to drop any money or pass the opportunity up. How much 'leeway' will my creditors give me regarding my salary. This job will be better in the long run. Thanks!!
Gary
learn to cook, find your faith, never say die, money isn't everything, look for the small things in life, never ignore a sunset - and listen to Melanie (never have I put so much faith in someone who scares me so much -thank you-)
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Thu Apr 15, 2010 10:07 am
It may be that your IP can reduce your payments by 15% without requiring approval of creditors. This may be enough to allow you to go ahead. Alternatively, you could ask for a short payment break and if you do not make up the arrears within the 60 months your IVA could be extended.

Do not give up the opportunity to advance yourself and a chat to your IP or case manager should resolve this for you.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”