Author Topic: Losing my job - effect on IVA?  (Read 3247 times)

Keith Campbell

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Losing my job - effect on IVA?
« on: Oct 04, 2007, 12:12:26 PM »
I've got an IVA which has been running for a little over a year. No problems so far, but it is looking a distinct possibility that I may be made redundant in the near future. What effect will this have on the IVA? Is is scrapped for not keeping up the payments and then to face bankruptcy?


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Re: Losing my job - effect on IVA?
« Reply #1 on: Oct 07, 2007, 10:45:20 PM »
You should call your IP to request was is called a 'variation meeting'. This is a creditors meeting to discuss just such changes in people's circumstances and hopefully restructure the payments to accommodate.