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Posted: Thu Feb 09, 2012 10:58 am
by renjitjancy
I am due for the annual review soon. I have lost my 2nd job which the income is added to IVA.How it affect the review?
Posted: Thu Feb 09, 2012 11:01 am
by Rosepetal
hi you need to inform your IP your income/expenditure will need to be amended.
do you have a minimum dividend to reach? if yes it may mean a extension but best talk to your IP asap.
are you wanting to get another 2nd job?
Posted: Thu Feb 09, 2012 12:13 pm
by kallis3
Hi and welcome.
You will need to put all details down on your I&E for the review but I would speak to your IP now so they know of the change of circumstances.
Posted: Thu Feb 09, 2012 1:22 pm
by kazzafunk
I agree you should tell your IP asap. If this affects your ability to pay the IVA you may need a variation meeting of creditors. Best to do it sooner rather than later so the IVA completion isn't compromised.