What happens if i lose my job

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andrewgoodman121

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Post by andrewgoodman121 » Sat Sep 25, 2010 6:51 pm
[:)]What would happen to my IVA if i have been Fired from my Job.I have found another job straightaway but it is on slightly lower wages and am nearly 3 years complete with 2 years to go, would my IVA fail and i become Bankrupt or would they accept lower monthly payments.


33 months in 27 to go
 
 

Shining

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Post by Shining » Sat Sep 25, 2010 6:57 pm
Hi, you would need to talk to your IP without delay to find a way forward, 3 years in I don't think it would be the best interest of anyone for your IVA to fail. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sat Sep 25, 2010 6:57 pm
You'll need to speak to your IP about this Andrew. They have the discretion to lower your payments by up to 15% without referring back to your creditors.
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.
http://kallis3.blogs.iva.co.uk
 
 

andrewgoodman121

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Post by andrewgoodman121 » Sat Sep 25, 2010 7:03 pm
Kallis, i am just so glad i found another job sraightaway but it is slightly less than what i am getting now but they have loads of overtime where my previous job was cutting back and back and i was Fired over a misunderstanding over a Toner Bottle but i think they wanted me out because they could not afford my wages also the job was really affecting my Health as i was always under Constant Pressure but this new job is like a new lease of life
 
 

Shining

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Post by Shining » Sat Sep 25, 2010 7:06 pm
I'm glad you've found a new position and although you were fired over a misunderstanding it sounds like a blessing in disguise for you. glad you're happy now. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

andrewgoodman121

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Post by andrewgoodman121 » Sat Sep 25, 2010 7:06 pm
I am going to make this months payment which makes it 34 and 26 to go and i have already done 1 weeks work at my new job but have not seen my payslip from them yet as wont get that until the end of October so i am still earning and can still afford to pay into the IVA.
 
 

Broke of London

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Post by Broke of London » Sun Sep 26, 2010 9:12 am
Hi, every cloud has a silver lining! I'm glad your enjoying the new job and think you're right about using the toner as an excuse. Best off out of there! Good luck speaking to your ip; I'm sure you'll be able to sort something out.
 
 

andrewgoodman121

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Post by andrewgoodman121 » Sun Sep 26, 2010 10:57 am
It,s just what do i do as it is a complete change and what happens about payslips as i am being paid at flat rate but can do as many hours as i want so it is not classed as overtime as we are paid via clocking in and clocking out so any extra i can do as the work is always there
 
 

kallis3

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Post by kallis3 » Sun Sep 26, 2010 11:16 am
I am sure all of this will be down on your payslip. You will have to wait and see what happens when you pick your first one up.
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.
http://kallis3.blogs.iva.co.uk
 
 

MelanieGiles

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Post by MelanieGiles » Sun Sep 26, 2010 3:48 pm
Andrew - could you contact me directly on this as I am not sure we have heard about your dilemma in the office. Best that we advice you off-line on this one.
Regards, Melanie Giles, Insolvency Practitioner
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