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Posted: Wed Jul 29, 2009 11:37 pm
by suma
CAN I HAVE AN IVA IF I AM UNEMPLOYED
Posted: Wed Jul 29, 2009 11:53 pm
by plasticdaft
How would you fund the payments into the IVA?
Posted: Thu Jul 30, 2009 8:48 am
by Declan at DebtFreeDirect
Generally speaking you would need a regular household income for an IVA to work.
Thanks
Posted: Thu Jul 30, 2009 8:49 am
by MelanieGiles
Generally IVAs are not suitable for the unemployed, unless you have a lump sum to offer or assets to realise.
How much do you owe to your creditors, and are you a property owner with equity?
Posted: Sat Aug 01, 2009 6:59 pm
by otter
Hi, I have been following this forum throughout my IVA process and found it extremely vital for my understanding.
Now I am really confused what was stated about IVA and self-employed. I always thought that one of the reasons IVA was developed was to deal with self-employed.
Could you Melanie explain what you mean by self-employed people having to have a lump sum to offer or assets to realise.
Sorry to have my first message like this but I am just worried that those self-employed finding themself in difficulties would rule out the IVA option available for them.
Posted: Sat Aug 01, 2009 7:02 pm
by gone-to-us
I assume that Melanie meant unemployed.
Posted: Sat Aug 01, 2009 7:03 pm
by plasticdaft
Think Mel meant unemployed rather than self employed.
Get over my knee for a spanking Mel!!!!
Posted: Sat Aug 01, 2009 7:06 pm
by otter
That would explain it then. Typos happen to all of us.
Thank you for putting it on the records.
Posted: Sat Aug 01, 2009 7:07 pm
by Skippy
Calm down PD!!!
Posted: Sat Aug 01, 2009 7:14 pm
by kallis3
Ooer! PD - you are letting your fetish come through on the forum!
Poor Mel - the iphone obviously went a bit haywire!
Posted: Sat Aug 01, 2009 7:21 pm
by otter
I always read Melanies responses because I have found them really spot on and clear. She is amazing with having time to respond to so many questions that is no wonder that sometimes a little "mistake" creeps in.
No spanking please as I really like this forum.
Posted: Sat Aug 01, 2009 7:25 pm
by kallis3
Spoilsport!
Posted: Sat Aug 01, 2009 7:25 pm
by MRBLUESKY
did you here that paul ,no spanking.not before the watershed anyway.[:D]
Posted: Sat Aug 01, 2009 7:31 pm
by otter
Ok as it is Saturday. Ignore me for now.
Posted: Sun Aug 02, 2009 8:53 pm
by MelanieGiles
Really sorry folks for the confusion. I must have still been half asleep when I posted self-employed!
Thanks to all the other posters for spotting my deliberate error - I do like to keep you all on your toes!!!
And PD!!!! Take 100 lines and two nights in detention!