www.iva.co.uk

I was made redundant around October time last year. With the work I do it is not the best time of year to be laid off. However, Just before Xmas I managed to find work but on a self employed basis. After paying tax and NI and putting money aside for about 3 weeks holiday per year, the money works out about what people in my trade can currently earn. I must admit, in my previous job I was very lucky to earn the money I did and was well above the national average. However, the IVA was based on this amount. Being out of work was awful and I am still struggling to get back on top of things. I last made a payment in November, missed December and might not be able to pay anything until the first or second week in February. The reduction in pay means I will only be able to afford about a quarter of what I was paying before. Would this be a problem? I have kept my IP informed all the time. Just worried it might fail. I have already paid nearly what they expected back over 5 years in just 2.5 years by doing lots of overtime. Any advice? Thanks

Hi. I would ask for a new I&E to be done, and if the IVA proves not to be viable, with the level of repayment you have already made a full and final based on what has been paid to date might be acceptable.

Which firm are you with ?

Ending early?? Things like that don't happen to us, bad luck follows us round like a bad smell!!

We are with Melanie Giles' firm, always been helpful.

I am sure Mel and her team will want to work with you to ensure your IVA remains viable. Give them a call and discuss....i am really sure it will all work out for you.

Well -- your good luck is being with Mel. If there is any way to assist, within the terms of the IVA, she will find it.

As luluj says, give them a call.

I've already emailed my payslips to them and asked what the next step is. It has been passed on to my case administrator who will hopefully be in touch soon. I can't call because I am out if the house at 6am and generally not back in until after their offices are shut.

Mels team are very flexible about calls, often taking them out of hours ( by arrangement). I am sure Mel will be along later and advise.

Ok thanks I didn't realise that. I'll hopefully get an email back from them soon anyway.

The plus point is you are with Mel's firm. If anyone can help you she can. It's not your fault you lost your job and well done for finding new employment so quick in the current climate.

I would contact Mel off forum (look in the ask the experts as question section) and ask to arrange a time that suits both of you to speak to her (or one of her colleagues). If you have nearly paid the original divident I would hazard a guess that you could either negotiate finishing early or reducing payments. Either of these would need a variation meeting but don't fret about it - I did when we had our f&f meeting but all creditors agreed ours ending early.

Can your contact me off line indebtandnotproud as I cannot recognise you from your forum name. I want to look at this personally for you, but my gut feeling is that if you have paid a similar amount to that originally accepted by creditors so far, then you have little to worry about.

Hi Mel, I just wondered if you received my email as I have not heard from you? I think I sent it the correct email address.

Anyway, I am still no further on as to what is happening. I have been told my payments can reduce from £700 per month to £595 but this £105 reduction is not feasible as my wage has dropped about £150 per week.

I have returned the I&E form and wage slips although I am still waiting for two wage slips. Any advice on what to do?? Maybe I am wanting things to move to quick?

Mel is away on holiday this week, but Kelly from her office is looking in on the forum so hopefully she will pick this thread up and respond for you.

Ok thanks

Please contact me in the office indebtandnotproud and i will look into this for you.

I look forward to hearing from you

Hi Kelly, how can I contact you? The only number I have is for the Northern Island office and I have just rung them and they told me I need to ring the southern office but they didn't have a number. I'd like to speak to you about this as soon as I can if possible. Thanks