im currently in an iva.ive occured a debt which is outside of the iva, and the client wants to make me bankrupt.being im in an iva can they make me bankcrupt.
Hey stevendn, welcome to the forum. Did you borrow money after your IVA was approved or did you borrow it before the IVA but didn't mention it to your IP?
You cannot incur a debt outwith your iva without approval from your ip. Your ip could be forced to fail your iva so I would be on the phone 1st thing in the morning to let your IP know whats happening.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Were you aware that they had overpaid you? If so, you really should have informed them and paid it back.
You do need to contact your IP as soon as possible and fill him/her in on the circumstances.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
To answer the specific question - yes you can be made bankrupt for a debt which was incurred after the IVA had commenced. I suggest that you engage the assistance of the Citizen's Advice Bureau who have good links in the public sector and ought to be able to talk to your former employer about some sort of sensible repayment plan which could work side by side of your IVA with your Supervisor's agreement.
Only token payments would be able to be made during the lifetime of the IVA, but these could be increased once the IVA has concluded. I am sure the Fire Brigage would not want the adverse publicity of making one of its former employees bankrupt. Were you a serving officer or civilian staff?
