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Posted: Sun Nov 30, 2014 6:13 pm
by Pied piper
I started my IVA in June and currently work 3 days a week. My mother provides childcare for 2 of these days. However after a family fall out at the weekend it looks unlikely she will continue to do so. This means I could only work one day and means I will lose my job. How will this affect my IVA? I will not be entitled to benefits as my husband earns too much. All I will have is the child benefit coming in
Posted: Sun Nov 30, 2014 6:23 pm
by Foggy
You will need to discuss this with your IP. Below a certain repayment amount the IVA will become unviable and, in any event, any large reduction will need to be agreed by your creditors.
Posted: Sun Nov 30, 2014 7:07 pm
by kazzafunk
How long have you been in an IVA Pied Piper?
Posted: Mon Dec 01, 2014 1:04 pm
by mole
Some IP firms (e.g. ckeardebt) have income protection and will pay your monthly fees if you become unemployed
Posted: Mon Dec 01, 2014 6:18 pm
by Pied piper
Only since June