Posted: Thu Nov 15, 2007 2:05 pm
Hi,
I am in the final stages of my IVA proposal and my creditors meeting is imminent, although I have no date. Today I found out that I have got a new job and will be earning 15 - 20k more than when I began my proposal. Should I still proceed with the IVA and if I do will the creditors simply grab all my new extra income leaving me no better off a month than if I hadn't got the job in the first place. Or, is an IVA now prehaps not the best way forward after all? Would a debt management programme be better for me? I am delighted but very confused as to what to do now, please help!
I am in the final stages of my IVA proposal and my creditors meeting is imminent, although I have no date. Today I found out that I have got a new job and will be earning 15 - 20k more than when I began my proposal. Should I still proceed with the IVA and if I do will the creditors simply grab all my new extra income leaving me no better off a month than if I hadn't got the job in the first place. Or, is an IVA now prehaps not the best way forward after all? Would a debt management programme be better for me? I am delighted but very confused as to what to do now, please help!