hi all just wondered my wages are going to be fluctuating over the next 4 to 5 months due to me having to have time off from a serious injury at work last year what can my ip do as i will not be able to make my regular amount into my iva as my wages will be deducted and could result in redundancy in october
I think you need to have a chat with your IP. They may be able to lower your payments temporarily, and if you are made redundant you may be able to have a payment break for a while till you get a new job.
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
i have been in my iva for about 2 months but my symptoms seem to be affecting my job and im in a situation when if i have time off it will be deducted until i win my claim case for industrial injury i dont own any assets of any kind would going bankrupt be a better option
I would speak to your IP firstly and tell them of the situation. You wouldn't be able to go bankrupt yet anyway as you need to miss three payments on the IVA so that it fails.
It is an option, but be guided by your IP at the moment.
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
the ip is aware that i have an ongoing issue with my injury but its recently been getting worse my symptoms im in and out of hospital my injury is one of the reasons i got into debt in the first place so they are well aware of it
well im not sure really it might be putting off to an employer so yes i suppose if ya look at it a potential employer might not be keen in hiring someone who might have to have time off sometimes it does affect me quite bad sometimes
problem i never know when im gonna be off or for how long so im very confused at what to do if my monthly take home is too low i wont be able to pay my iva aswell as eveything else so u can see the problem