redundancy???

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dory1307

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Post by dory1307 » Fri Aug 08, 2008 1:13 am
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Hi, our iva is due to be completed in september 2009, i've just been told that i'm going to be made redundant probably at the end of june 2009.

How would my redundancy payment affect my iva if i only have a couple of months left to pay?
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MelanieGiles

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Post by MelanieGiles » Fri Aug 08, 2008 1:23 am
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Hi dory and welcome to the forum. Sorry to hear your news about your job.

I would suggest that you pay the remaining months off the IVA - at which time it can be closed, and use the rest to fund your living expenses until you find work.
Regards, Melanie Giles, Insolvency Practitioner
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MelanieGiles

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Post by MelanieGiles » Fri Aug 08, 2008 9:10 am
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Hi dory and welcome to the forum. Sorry to hear your news about your job.

I would suggest that you pay the remaining months off the IVA - at which time it can be closed, and use the rest to fund your living expenses until you find work.
Regards, Melanie Giles, Insolvency Practitioner
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