Can I do an IVA while temporarily unemployed ?

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
User avatar
Posts: 1
Joined: Wed Mar 29, 2017 5:26 pm
by tina287 » Wed Mar 29, 2017 5:26 pm
Hi I have lost my job and at the moment on jobseekers can I still do a iva as hopefully this is only short term till I am employed again
User avatar
Forum Expert
Posts: 71449
Joined: Mon Mar 17, 2008 4:02 pm
by kallis3 » Wed Mar 29, 2017 5:34 pm

Sorry about your job loss - I would think of something like a DMP in the interim but please speak to a few companies as, depending on your level of debts and assets you may find another solution.
User avatar
Forum Expert
Posts: 22894
Joined: Fri Dec 17, 2010 11:14 am
by Foggy » Wed Mar 29, 2017 5:50 pm
Hi. As Kallis says, have a chat with a couple of firms -- if nothing else you can start doing your research --- companies do all operate differently ( and some more customer friendly than others).
An IVA might not be the best solution, regardless of temporary unemployment, in any case and it will be in your best interests to explore all options before committing.
User avatar
Forum Expert
Posts: 9719
Joined: Sun Dec 09, 2007 6:54 am
by luluj » Thu Mar 30, 2017 5:48 pm
Hopefully you will gain employment again relatively quickly - until then consider all options including debt relief, debt management and iva's. Bankruptcy may also be an option depending on your circumstances.
User avatar
Lisa Thomas
Industry Expert
Posts: 5757
Joined: Wed Dec 03, 2014 10:26 am
by Lisa Thomas » Mon Apr 03, 2017 1:58 pm
An IVA usually includes payment from your surplus income so unless and until this is established an IVA might not be viable until you get back on your feet as you do not know whether this will be possible. Best of luck finding new employment.
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: admin, kallis3, Michael Peoples, Ryan and 5 guests