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Posted: Sun Aug 10, 2008 9:46 pm
by bela
what happens if you were to lose your job whilst on a iva programme?
Posted: Sun Aug 10, 2008 9:55 pm
by Kazzy E
Hi bela and welcome to the forum to you too. Lots of newbies tonight! Are you already in an IVA? If so, you need to contact your IP. They will be able to advise you best. Kazzy x
Posted: Sun Aug 10, 2008 9:55 pm
by plasticdaft
Your IP would probably try to allow you time to find new employment. I believe the norm is to allow you to miss up to 3 payments before failing your IVA(not in anyones best interests),however these payments need to be made up when you are back in work.
Posted: Sun Aug 10, 2008 10:03 pm
by moretolife
hi bela....just to add my welcome to you....keep reading...lots of experts here to give advice
Posted: Sun Aug 10, 2008 10:48 pm
by MelanieGiles
Would you be entitled to receive any redundancy pay? If so, this ought to be used to compensate your loss of earnings whilst you look for a new job, but if new employment had not been found by the time the monies had been used up then you might need to formally request a short payment break.
Posted: Sun Aug 10, 2008 11:03 pm
by kallis3
Hi Bela, welcome from me too.
You'll find plenty of advice and support on here.
Posted: Sun Aug 10, 2008 11:08 pm
by Viki.W
Hey Bela, welcome to the forum. Are you in an IVA or just thinking about it? X