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 I HAVE A IVA AND I HAVE NOW BEEN MADE REDUNDANT
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maldt
Starting Member



1 Posts

Posted - 24 December 2008 :  21:27:32  Show Profile  Visit maldt's Homepage  Reply with Quote
I HAVE A IVA AND I HAVE NOW BEEN MADE REDUNDANT I AVE NO ASSETS AS SUCH AND LIVE IN COUNCIL RENTED ACCOMADATION SHOULD I GO BANCRUPT.

John
New Member



United Kingdom
73 Posts

Posted - 25 December 2008 :  00:45:13  Show Profile  Reply with Quote
Hi

that would depend on the prospects of re-employment.
It certainly may well be an option for you.
If job prospects are not good in your area or in your field of expertise then it could turn out to be inevitable.
You should also consider how long you have been in the IVA and how much, if any, redundancy payment might be received.

www.Bankruptcyhelp.org.uk
0800 078 9367
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Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 25 December 2008 :  17:46:29  Show Profile  Reply with Quote
Hi

As John says there are a number of factors to consider.

It is worth speaking to your IP to advise that there is a problem regarding employment. This should put things on hold for a few months while to review other employment.

It might be worth exploring all the other options before going Br as you are already down the IVA road.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK

Real People ..... Real Debt Solutions
www.revivauk.com
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