Hi, I'm currently in an IVA with Grant Thornton and I would like to change my career

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Justin.w

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Post by Justin.w » Tue Sep 30, 2014 5:08 am
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Hi,
I'm currently in an iva with Grant Thorntons and I would like to change my career.
The thing is my income would decrease by quite abit could you please tell me how this would affect my IVA.
It's something I have wanted to do for a long time now and I'm getting pretty desperate to change all help would be greatly appreciated thank you!!
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Foggy

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Post by Foggy » Tue Sep 30, 2014 7:49 am
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How long have you been in your IVA ? Many IP's have the discretion ( if written into the agreement) to reduce by 15%. Anything more will need to be agreed by the creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shining

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Post by Shining » Tue Sep 30, 2014 9:02 am
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Hi and welcome, good questions by Foggy. Good luck with your new venture.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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