Page 1 of 1
Posted: Mon Jan 12, 2009 10:40 am
by shazzles
Hi all
I have now missed 2 payments in my iva, 1 back in the summer due to being off work sick and now a further one because of being out of work..
My payment is due again on 1st Feb and if no work i am not going to be able to pay it as I am currently on jobseekers allowance. What happens in this situation does anyone know?
Posted: Mon Jan 12, 2009 10:49 am
by kallis3
Hi Shazzles,
Does your IP know that you are out of work? If not, you really need to tell him/her.
Once you have missed three payments then you will be in breach of your IVA. Unless your proposal specifically states that they will file for BR then your creditors won't force it as it will cost them.
However, you will be back to square one with the creditor hassle.
Speak to your IP as soon as possible.
Posted: Mon Jan 12, 2009 10:52 am
by shazzles
Yes my ip knows that i am out of work.
Posted: Mon Jan 12, 2009 11:16 am
by kallis3
Have you asked if you can take a further payment break whilst you lo for work?
Your IP may allow you to take a little longer.
Posted: Mon Jan 12, 2009 5:50 pm
by shazzles
not yet no, but i will do if i dont get any luck in the next two weeks..
Posted: Mon Jan 12, 2009 6:25 pm
by MelanieGiles
What do you feel the job prospects are locally for you, and how long do you realistically feel it may take to get another job?
Posted: Mon Jan 12, 2009 6:29 pm
by Skippy
Good luck with finding something soon Shazzles x
Posted: Mon Jan 12, 2009 8:56 pm
by Viki.W
I really hope you fine another job soon Shazzles. Thinking of you. X
Posted: Tue Jan 13, 2009 4:51 am
by David Mond
My advice is to speak to your IP as soon as possible and sort out a payment break - you have already missed 2 payments and job prospects are difficult. A breathing space is what is needed here. Don't leave it too late to discuss please.
Posted: Tue Jan 13, 2009 9:38 am
by kallis3
I agree - you need to speak to your IP as soon as possible.