www.iva.co.uk

Hi, I have been out of work and have been in my new job a couple of weeks. I want to enter into an IVA and can't hold out much longer. Do you have to have been in work a certain amount of time before you can apply for an IVA or do they need you to be in work

I do not think that there is a minimum requirement regarding the lengh of time in a job,but you certainly need to have a job in order to have a possible IVA[unless you have an assett to release such as property].
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

Hi cf

The insolvency practitioner you choose to act for you will need to ensure that your employment is secure and as such form a good grounding for a long-term arrangement to repay your creditors.

There is no set time-limit, but I would personally prefer to see at least three months which usually accords with employer probationary periods, and certainly that you were under a long-term rather than fixed term contract.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

It's all about the sustainability of your job rather than the length of time you have been there.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Hi
Thats a good point that Melanie makes about the three month probationary period
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

Hi c.f and Welcome to the Forum,

I agree with the advice given above, it does help that you have a job however it’s a question of whether you will maintain your position and the income that you receive.

Hope this information is of use

Regards. IVA Experts