what would happen if one of us is made redundant?

3 posts Page 1 of 1
Post Reply
 
 

r2a

User avatar
Posts: 1
Joined: Thu Oct 11, 2007 9:12 am
Location:
Post by r2a » Thu Oct 11, 2007 9:14 am
Quote
If I am bound by the conditions of a joint IVA, what would happen if one of us is made redundant?
Top
 
 

Sadsack

User avatar
Posts: 635
Joined: Fri Aug 18, 2006 12:40 pm
Location:
Post by Sadsack » Thu Oct 11, 2007 9:21 am
Quote
Hi r2a and welcome

As far as I understand it - I am a debtor as well!!! - if either party is made redundant you would have to inform your IP as this will no doubt affect your monthly payments. Contact your IP to discuss this as they are the best people to advise.

Is there a possibility that either of you are going to be made redundant in the near future?

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/
Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/
Top
 
 

iva experts

User avatar
Posts: 1271
Joined: Thu Apr 20, 2006 5:31 pm
Location:
Post by iva experts » Thu Oct 11, 2007 12:48 pm
Quote
In the instance that either one of you are made redundant you would need to contact your I.P as soon as possible to see what the agreed arrangements can be.

If needed they can give you a payment break from your IVA payments, which you can then pay back at the end of the IVA or pay alittle more each month till paid off.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
Top
Post Reply
3 posts Page 1 of 1
Return to “postbag for october”