What can I do ? After paying my IVA for 5 years I am now unemployed.

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abu

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Post by abu » Wed Apr 26, 2017 5:25 am
What can I do ? After paying my IVA for 5 years I am now unemployed. I have a year left.

luluj

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Post by luluj » Wed Apr 26, 2017 6:26 am
You need to seek a full review of your income and expenditure and if there is no sign of gaining new employment then possibly seek a full and final offer on payments made to date to end the iva early.
Sharing from experiences of dealing with debt

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Foggy

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Post by Foggy » Wed Apr 26, 2017 6:53 am
Good advice from Luluj -- but, in the meantime, request a payment break from your IP while you sort this out, as three missed payments without agreement will fail the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Wed Apr 26, 2017 9:17 am
Speak to your IP.

Why was it a 6 year IVA (the norm tends to be 5 years)? Was this due to an extension in lieu of equity in your home?

Take a break whilst you get back on your feet or put a variation together to accept 5 years in settlement and close early.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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