Can anyone advise please? I am working at present and do not have an IVA. I have just found out that I am pregnant and I have about,(I do not know the exact figure) £20000.00, as I am going to be going on maternity leave and will not be working would it be possible to join an IVA?
You would need an income to maintain an iva, Would you receive maternity pay, would you be returning to work. The best thing to do is to talk to an insolvenc practioner and get advice on all the options avaliable to you.
Melanie Giles who posts on the forum comes well recommended and would be a good place to start, or you can get reviews on all the compnaies and ip's on iva.com. All the best and keep posting and let us know how thigs go and ask any questions you need.
Thank you for replying, At the moment I do intend to return to work, becuase of my debts. I will be getting statory maternity pay which, is not alot. My debts each month amount to almost £800.00. I will contact Melanie Giles and see what she has to say. Thank you very much for your help!!
It may be possible for you to propose an IVA, but as your income and expendutire is bound to be a little disturbed by the arrival of the little one, you might be better off entering into a DMP until you decide whether you are returning to work and, if so, what the cost of childcare is likely to be.
