question category: IVA

what happens if i change from being employed to self employed during my iva?
Submitted on: 2nd Feb 2010 by Non-Member | Total Answers: 1

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Re: what happens if i change from being employed to self ...

You need to make your IVA supervisor aware of any change in your circumstances.

If you can continue to make your payments the arrangement should continue as before. If you can't it might require a variation; a new proposal and a new meeting of creditors.

Only your supervisor can advise you definitively on this - if you are already in an IVA.

If you are considering an IVA make sure you go to a provider you can trust. Speak to a couple of different debt advice charities and go with the one you feel most comfortable with.

Submitted on: 9th Feb 2010 by Darren Member

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