i am in my 4th year of a iva and was made redundtant in march and have kept up with my payment for 3 mths like my supervisior sais i must do while out of work does anybody know what the next step could or would be?
If you are out of work, how are you able to afford to keep making your payments? Did you have any redundancy pay at all?
Your supervisor should allow you to take a payment break if necessary while you seek further employment. If you are not having any joy then you could try asking if your creditors would accept what you have paid so far as a full and final payment.
It is in no one's interests for the IVA to fail now as you are so far along.
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
Hi
A payment break to find work.
It is also possible that if it takes you many months to find work that your creditors will accept payments made to date as a full and final settlement
Regards
Having been in your IVA for so long, if you are unable to find replacemene employment it may be possible for your IVA to conclude on the basis of the payments you have made to date being in full and final settlement.
