After paying IVA for 3 years I will have to stop

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bob.tm

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Post by bob.tm » Fri Aug 06, 2010 8:24 pm
AFTER PAYING MY IVA FOR 3 YEARS I WILL HAVE TO STOP THIS MONTH AS I HAVE BEEN OUT OF WORK FOR 6 MONTHS COULD YOU PLEASE ADVISE ME? THANKYOU
 
 

Shining

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Post by Shining » Fri Aug 06, 2010 8:35 pm
Hi bob and welcome to the forum, have you informed your IP of your job loss? Have you taken a payment break?

x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Fri Aug 06, 2010 8:39 pm
Welcome from me as well.

Have you been paying your IVA during this time?

You do need to speak to your IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

MelanieGiles

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Post by MelanieGiles » Sat Aug 07, 2010 11:48 pm
Your own IP is really the best to advise you as to your options, as they have detailed knowledge of your case. Why not give them a call on Monday?
Regards, Melanie Giles, Insolvency Practitioner
 
 

Mattybaldy

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Post by Mattybaldy » Sun Aug 08, 2010 12:22 am
I found myself in the same position as you and managed to get a 6 month payment break which was extended to 12 when I still couldn't find full time work.

If you haven't done so already, ask your IP for a payment break.

Unfortunately, my IVA is doomed to fail at the end of this month, as although I am now self-employed as a sole trader, I am not making enough to meet the payments that are due to recommence at the end of August.

2 and a half years wasted.
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