Can my IVA propsal still be put forward? Lost job before virtual meeting of creditors

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Bitsie77
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by Bitsie77 » Fri Jan 19, 2018 2:13 pm
Hi

We are due to have our virtual meeting of our creditors at the beginning of February 2018, however, my husband lost his job yesterday. He is currently looking for a new job and has taken a months worth of contract work.

Will my IVA still be able to go ahead?

I suspect that it won't because the income is unknown, however, he is a teacher and with a good record, he lost his job due to a conflict of personalities, no issues with his teaching
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Foggy
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by Foggy » Fri Jan 19, 2018 2:20 pm
I would suggest a chat with your IP --- a few weeks delay now would be better than the whole thing failing later on if it becomes unsustainable.
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kallis3
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by kallis3 » Fri Jan 19, 2018 2:23 pm
I agree with Foggy and hopefully your husband will get another job soon.
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