We have had a number of posters in IVA's who are fostering and it hasn't been an issue for the fostering agency -- however, sometimes the fostering allowance has to be a matter of negotiation / discussion with the IP as there is an income element to it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/
We were looking to foster (before we were in the IVA) but we didn’t go ahead after meeting with the council when they said your financial situation is secrutonised. They look at bank statements, debts etc to make sure that you can afford to live basically and nothing would affect a potential foster child. I’m not sure if being in a IVA would help or hinder, as to me being in an IVA shows that you do have the funds to now live properly and pay all bills.