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Posted: Fri Apr 29, 2016 6:42 pm
by Pauline.05
Hi I have an iva and I am now 64 I have just been made redundant and after this month will not be able to pay the 800 mortgage. I only receive 600 in pension and don't know what to do going forward would appreciate help advice
Posted: Fri Apr 29, 2016 7:00 pm
by kallis3
Hi and welcome,
How long have you been in the IVA? Which company are you with?
Posted: Fri Apr 29, 2016 7:28 pm
by Foggy
I would suggest a chat at your local Citizens Advice Centre as a starting point.
What happens with the IVA will depend upon how long you have been in it.
Posted: Sat Apr 30, 2016 3:38 am
by luluj
Sorry to hear of your redundancy.
A full review of your IVA is required to ascertain affordability.
Did you receive redundancy pay? If so have you previously informed your IP so a review could take place. You should be allowed to retain some of the redundancy for general living expenses while you seek new employment.
A conversation is needed now with your iva company