Michael Peoples wrote:Hi, thanks for that..I did insist on a I&E...But they seem adement that i dont need to until i get a job. I guess there waiting for things to stabilise too..Any jobs going???
You should really do an I&E and have a payment break rather than have your father maintain your payments. Given that you are now unemployed would he be in a position to offer a full and final settlement offer which should be accepted by creditors?
MelanieGiles wrote:Hi Melanie , i thought the same
I agree that the review should still occur, but think that if your Dad is happy to help you on a temporary basis then this does avoid disturbing the running of the IVA.
liamjames wrote:Thats a relief, I mean its no fault of mine here..Life sucks right now!! I asked them twice today, and actually one lady there was the same person who did my review last year..So she knew me well...I dont know!! Not burying my head in sand..
Hi there!
In your proposal it will state how often your Supervisor needs to conduct a review of your income and expenditure. If you believe that he has not performed this properly, you should contact him in writing to suggest that this is performed, just so you have it on record.
I would have thought that it would be policy to conduct a review whenever your situation changes, but maybe your IP is waiting for your circumstances to stabilise and for you to get new employment before conducting a review.
In any case, as long as you are complying with the requests of the Supervisor, there is no reason for your IVA to be failed. And if you are in breach of the terms (whether on purpose or accidentally) you will be given plenty of time to rectify this before the IVA fails, and you will receive written notice in advance.
liamjames wrote:I just hope i get something soon...they seem very okay about this and said just to keep them updated..
It's very common, but often creditors aren't really that keen on it and isn't really fair on you or your father. If things are stable and you still need help, it is better for all concerned if you ask your Supervisor to suggest a variation to reduce your monthly contributions to an amount that you can afford without any assistance.
Michael Peoples wrote:That makes sense..But £20K is the F&F settlement figure i got given today. I need to talk to family this weekend, i doubt it will be possible, i rather dad helped me out now temporarily then i hopefully got a job soon and return his favours when IVA completed!...Asking him for so much cash, i dont have the guts or face to be honest...would feel bad....ok agree i feel terrible now..But i am sure after IVa i can return his favours which are keeping me afloat now..
There is absolutely no harm in family help for short term problems but unless you find a job your father could be paying for some time. If the settlement figure you were given is more than your father can raise you could offer what he can afford even if this leads to a reduction in dividend. As you have lost your job creditors may be amenable to a settlement rather than a failed IVA and bankruptcy.
kallis3 wrote:
Perhaps they mean that as long as you are maintaining your payments, then they won't be altering them.
Your payments will be valid as long as you continue to make them.
It appears to me like Payplan are being quite sympathetic to your situation.
I would contact them again and ask them if everything is ok with the IVA.
Have you checked on Justabank to see how things are going?
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