Changing jobs in an iva?

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graham431

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Post by graham431 » Sun Jan 20, 2019 8:04 am
I am currently in an iva and working. But want to leave my job and do what I trained at college. This would mean that I'd become self employed would this change the amount of pay each month

kallis3

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Post by kallis3 » Sun Jan 20, 2019 9:28 am
It would depend on your income and you would need to do a new I&E to work out your payments. Have a chat with 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.
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Foggy

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Post by Foggy » Sun Jan 20, 2019 10:37 am
It would make things a bit more complicated, but nothing insurmountable and your income would have to be monitored more closely to ensure you pay the correct amount each month. It is unlikely that you would be allowed to reduce the current payment by much, if your earnings dipped, so be mindful that any "good" months will have to be used to offset the "bad" ones.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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