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by Caz.07
Tue Jun 23, 2015 7:26 am
Forum: Ask IVA Forum and Industry experts
Topic: Am I correct in thinking that when an IVA is completed no more money could be taken.
Replies: 5
Views: 2100

During my IVA I was asked to claim for any PPI's I may have had. My IVA was completed in November 2014 and we received a PPI claim cheque in May 2015 which we could not cash. We contacted the bank who sent this to us and they are now sending it to the company we had the IVA with and we have been tol...
by Caz.07
Mon Feb 24, 2014 10:27 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

Thank you for your help and advice, fingers crossed we can come to some agreement.
by Caz.07
Mon Feb 24, 2014 10:05 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

Yes, 26000 I wish it did have another 0.
The settlement is £24000, my net salary was £2500 and I have currently paid £6000 into my IVA to date.
by Caz.07
Mon Feb 24, 2014 9:58 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

Do you think it would be fair for me to ask for a final settlement? I owe approx £66000, I have an agreement to pay £18000 which may be extended by 1 year. I have paid in 6000 and if they take most of my compensation they will have taken around £260000 in total. I won't be able to get another job pa...
by Caz.07
Mon Feb 24, 2014 9:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

Thank you, I was always prepared that I would have to pay anything over my 6 months net salary into my IVA. I was just shocked when I was told that all the money would be taken and they would have to put a case forward to see if I can keep some of the money until I get a new job. It is frustrating a...
by Caz.07
Mon Feb 24, 2014 8:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

Thank you for your reply. I have spoke to them and they are going to look at my situation in more depth, although they are currently treating my compensation as a windfall. Hopefully it will work out as far, as I am concerned it is not much different to a redundancy and I did not choose to be out of...
by Caz.07
Mon Feb 24, 2014 1:43 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

Thank you for this reply, I will speak to my IP regarding the possibility of using this as a full and final payment.
With regards to a full and final settlement is this usually the amount you have agreed to pay back during the IVA term?
by Caz.07
Mon Feb 24, 2014 12:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

With regards to the above message, the sum of money received is a classed as a compensation sum.
by Caz.07
Mon Feb 24, 2014 11:55 am
Forum: Ask IVA Forum and Industry experts
Topic: Should a compromise agreement be treated the same as redundancy ?
Replies: 14
Views: 2158

I am currently in an IVA. I have just received a compromise agreement from my work should this be treated the same as a redundancy or can they take it all off me? I am worried because I don't have a job to go to and I was on half pay for the last two months due to sickness.
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