I am currently in an IVA and have just completed my 1st annual review. I believe my job maybe at risk and its very stressful as they are taking advantage knowing my situation needing the work to pay off my IVA? Can you help what happens if I lose my current job to set up on my own as a plumber.
Setting up in business as a plumber could be costly and identifying funding streams whilst in an iva maybe difficult unless you have friends or family who can 'invest' in your business.
I think you need to be really sure that whilst the iva is ongoing that going self employed is the right way forward - could this not be a goal for the end of your iva - something to work towards?
Have you considered looking for alternative paid employment?
Self employed is just an option really my question mainly is what would happen in the short term if I was to get laid off tomorrow would my IVA be void or how long could I go unemployed while I find another place of work before it does become void even if my partner helps pay my monthly IVA bill?
I just want to get as much knowledge as I can before anything happens.
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