I am due for the annual review soon. I have lost my 2nd job

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renjitjancy

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Post by renjitjancy » Thu Feb 09, 2012 10:58 am
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I am due for the annual review soon. I have lost my 2nd job which the income is added to IVA.How it affect the review?
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Rosepetal

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Post by Rosepetal » Thu Feb 09, 2012 11:01 am
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hi you need to inform your IP your income/expenditure will need to be amended.

do you have a minimum dividend to reach? if yes it may mean a extension but best talk to your IP asap.

are you wanting to get another 2nd job?
Nothing stays the same...everything changes..hang on in there!
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kallis3

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Post by kallis3 » Thu Feb 09, 2012 12:13 pm
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Hi and welcome.

You will need to put all details down on your I&E for the review but I would speak to your IP now so they know of the change of 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
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kazzafunk

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Post by kazzafunk » Thu Feb 09, 2012 1:22 pm
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I agree you should tell your IP asap. If this affects your ability to pay the IVA you may need a variation meeting of creditors. Best to do it sooner rather than later so the IVA completion isn't compromised.
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
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