Author Topic: Losing my job - effect on IVA?  (Read 3352 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?

Chris

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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.