Can I have an IVA if I am unemployed ?

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suma

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Post by suma » Wed Jul 29, 2009 11:37 pm
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CAN I HAVE AN IVA IF I AM UNEMPLOYED
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plasticdaft

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Post by plasticdaft » Wed Jul 29, 2009 11:53 pm
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How would you fund the payments into the IVA?
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Thu Jul 30, 2009 8:48 am
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Generally speaking you would need a regular household income for an IVA to work.

Thanks
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/
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MelanieGiles

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Post by MelanieGiles » Thu Jul 30, 2009 8:49 am
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Generally IVAs are not suitable for the unemployed, unless you have a lump sum to offer or assets to realise.

How much do you owe to your creditors, and are you a property owner with equity?
Last edited by MelanieGiles on Sun Aug 02, 2009 8:51 pm, edited 1 time in total.
Regards, Melanie Giles, Insolvency Practitioner
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otter

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Post by otter » Sat Aug 01, 2009 6:59 pm
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Hi, I have been following this forum throughout my IVA process and found it extremely vital for my understanding.

Now I am really confused what was stated about IVA and self-employed. I always thought that one of the reasons IVA was developed was to deal with self-employed.

Could you Melanie explain what you mean by self-employed people having to have a lump sum to offer or assets to realise.

Sorry to have my first message like this but I am just worried that those self-employed finding themself in difficulties would rule out the IVA option available for them.
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gone-to-us

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Post by gone-to-us » Sat Aug 01, 2009 7:02 pm
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I assume that Melanie meant unemployed.
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plasticdaft

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Post by plasticdaft » Sat Aug 01, 2009 7:03 pm
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Think Mel meant unemployed rather than self employed.

Get over my knee for a spanking Mel!!!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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otter

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Post by otter » Sat Aug 01, 2009 7:06 pm
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That would explain it then. Typos happen to all of us.

Thank you for putting it on the records.
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Skippy

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Post by Skippy » Sat Aug 01, 2009 7:07 pm
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Calm down PD!!!
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kallis3

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Post by kallis3 » Sat Aug 01, 2009 7:14 pm
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Ooer! PD - you are letting your fetish come through on the forum!

Poor Mel - the iphone obviously went a bit haywire!
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.
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http://kallis3.blogs.iva.co.uk
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otter

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Post by otter » Sat Aug 01, 2009 7:21 pm
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I always read Melanies responses because I have found them really spot on and clear. She is amazing with having time to respond to so many questions that is no wonder that sometimes a little "mistake" creeps in.

No spanking please as I really like this forum.
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kallis3

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Post by kallis3 » Sat Aug 01, 2009 7:25 pm
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Spoilsport!
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
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MRBLUESKY

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Post by MRBLUESKY » Sat Aug 01, 2009 7:25 pm
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did you here that paul ,no spanking.not before the watershed anyway.[:D]
Last edited by MRBLUESKY on Sat Aug 01, 2009 7:26 pm, edited 1 time in total.
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otter

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Post by otter » Sat Aug 01, 2009 7:31 pm
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Ok as it is Saturday. Ignore me for now.
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MelanieGiles

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Post by MelanieGiles » Sun Aug 02, 2009 8:53 pm
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Really sorry folks for the confusion. I must have still been half asleep when I posted self-employed!

Thanks to all the other posters for spotting my deliberate error - I do like to keep you all on your toes!!!

And PD!!!! Take 100 lines and two nights in detention!
Regards, Melanie Giles, Insolvency Practitioner
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