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Posted: Thu Oct 06, 2011 10:47 am
by Hola17
I am just over 3 years into an IVA and have now become unemployed. I know about the payment break but what happens after this period has elapsed?
Posted: Thu Oct 06, 2011 10:57 am
by oscar
Hola17 I'm sorry about your job situation. You have come a long way into your IVA. Contact your IP directly to get the exact answers you need. This way you'll know exactly how you stand. Best wishes
Oscar
Posted: Thu Oct 06, 2011 12:02 pm
by kallis3
Hi and welcome to the forum.
Do speak to your IP as soon as possible. You may well be able to take a break of up to six months while you look for another job.
If you can't get one, would bankruptcy be an option for you?
Posted: Fri Oct 07, 2011 9:35 am
by gdb
Thanks for all your comments. My IP is already informed of the situation. I was just wondering if there was anyone out there who had been unemployed over the 6 month payment break and what were their experiences to date?
Posted: Fri Oct 07, 2011 10:06 am
by malcome
Hi sorry about your job. This happened to me. I made small token payments for five months. Didn't quite hit the sixth month though. Got a temp job. Took anything. Then had a variation meeting. Extra year added on. Keep yr hopes up and try not to worry x
Posted: Fri Oct 07, 2011 10:54 am
by gdb
malcome wrote:
Hi sorry about your job. This happened to me. I made small token payments for five months. Didn't quite hit the sixth month though. Got a temp job. Took anything. Then had a variation meeting. Extra year added on. Keep yr hopes up and try not to worry x
Thanks for your post Malcome.
Posted: Fri Oct 07, 2011 11:16 am
by Shining
Hola hopefully you'll find alternative employment before too long. Do keep in contact with your IP as they have the discretion to do a lot of things to help you.