www.iva.co.uk

Hi all,

Well we had our IVA approved nearly 2 weeks ago, which was a huge relief. Now we have been told yesterday at work, that a reduction in staff is necessary due to a decline in sales.

We have been asked to attend a meeting later this week to discuss the companies plans, and no doubt they will initially look for volunteers for redundancy.

Should I hold back until after this meeting before talking to our IP?

It never rains but it pours......................

Hi,

I would think it would be best to contact your IP and advise the possible situation.

No harm in keeping your IP informed and hopefully nothing will come of this.

Thanks all.

Yes I will drop Melanie an email just outlining whats on the horizon.

Received today - but I am on hols this week with only limited access to work systems. As you say, you can only deal with this once you know what is happening, so let's wait and see and keep everything crossed in the meantime.

Yes thanks Melanie.

I am hoping nothing comes of it, and will let you know come Thursday.

Hope it works out ok for you Sinking Fast. x

Hope nothing comes of it and your ok

Thanks Lesley and DW.

I shall let you know the outcome of our meeting tomorrow.

I hope everything goes ok tomorrow x

Well we have today been advised that there will be redundancies within the company. We now enter into a period of consultation, so I am still unsure if my position is safe or not.

The picture should be somewhat clearer early next week so know we play the waiting game.

It is really frustrating just having the IVA accepted, and now being told that my position is vulnerable.

Thanks.

Well we have today been advised that there will be redundancies within the company. We now enter into a period of consultation, so I am still unsure if my position is safe or not.

The picture should be somewhat clearer early next week so know we play the waiting game.

It is really frustrating just having the IVA accepted, and now being told that my position is vulnerable.

Thanks.

Hopefully it will all work out but at least your IVA is in place and you should be able to get a payment break if the worst comes to the worst. You will still have protection from creditors while you try and find other employment. I will keep my fingers crossed.

Hi sinking fast
We know how you feel!! my hubby is on 90 days consultation so what a wait!! Just keep fingers and toes crossed.
Good luck