i earned a little exrra in the last 6 months

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christopherh

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Post by christopherh » Wed Feb 24, 2010 3:59 pm
i earned a little exrra in the last 6months,,has anyone ever had there iva increased through o/t or bonuses??
 
 

Michael Peoples

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Post by Michael Peoples » Wed Feb 24, 2010 4:10 pm
Overtime and bonuses should be dealt with as they are received and should not lead to an increase at the annual review. Provided you pay whatever is required once you receive the overtime your payments should not go up.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

oreetspud

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Post by oreetspud » Thu Feb 25, 2010 4:07 pm
u need to pay within 14 days of recieving your overtime.i'm in the same boat,i worked overtime to pay for a whopping plummers bill and vets bills and had nothing left for my iva.informed my ip and waiting to hear back.worried sick that my iva will fail because of this...
i've never been so stressed out!!
 
 

MelanieGiles

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Post by MelanieGiles » Thu Feb 25, 2010 11:57 pm
You need to pay in accordance with whatever your IVA proposal states. If you are not sure, check with your IP to ensure that you remain fully compliant.
Regards, Melanie Giles, Insolvency Practitioner
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