IPs would definately support some form of cover being in place to cover redundancy or illness, but unfortunately creditors do not always share the same view. I know of some firms that will actually fund the premiums themselves if creditors do not agree to the charges, but it does no harm to have a nose about the industry to see what the cost would be and whether you could cover it from your miscellaneous expenditure.
I suggest that you give John Tegg at Coveritall a call - you'll find his details on the experts page of the forum.
If you also give Mike Elliot of Willis Limited a call he can give you details of which IVA and Debt Management Plan providers have that type of insurance.
his number is +44 207 975 2365
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
i have added it to mine becuse it benefits both partys it was at review time and i had a rise they were going to up my payments but decided the insurance was a good idea so my payments stayed the same
