I am needing to leave my job due to work related stress. How will this affect my IVA ?

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Paula.16

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Post by Paula.16 » Mon May 02, 2016 11:23 pm
Hello, I have been in an IVA for over a year now but due to work related stress i am needing to leave my job. How will this affect my IVA?
 
 

Foggy

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Post by Foggy » Tue May 03, 2016 8:11 am
You can ask for a repayment break while you seek new work. Ultimately, you will need to do a fresh I&E to ascertain what you can then afford. If you cannot make the IVA repayments at all the arrangement will fail.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lisa Thomas

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Post by Lisa Thomas » Tue May 03, 2016 10:33 am
Hi Paula

Sorry to hear this - I agree with Foggys comments.

Remember your health is the most important factor.

Speak to your IP about this and best of luck finding a new job.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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