I am 64 and have just been made redundant. I don't know what to do going forward.

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Pauline.05

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Post by Pauline.05 » Fri Apr 29, 2016 6:42 pm
Hi I have an iva and I am now 64 I have just been made redundant and after this month will not be able to pay the 800 mortgage. I only receive 600 in pension and don't know what to do going forward would appreciate help advice
 
 

kallis3

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Post by kallis3 » Fri Apr 29, 2016 7:00 pm
Hi and welcome,

How long have you been in the IVA? Which company are you with?
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
 
 

Foggy

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Post by Foggy » Fri Apr 29, 2016 7:28 pm
I would suggest a chat at your local Citizens Advice Centre as a starting point.

What happens with the IVA will depend upon how long you have been in it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

luluj

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Post by luluj » Sat Apr 30, 2016 3:38 am
Sorry to hear of your redundancy.
A full review of your IVA is required to ascertain affordability.
Did you receive redundancy pay? If so have you previously informed your IP so a review could take place. You should be allowed to retain some of the redundancy for general living expenses while you seek new employment.
A conversation is needed now with your iva company
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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