Hi Andy, Yes, you're right, I haven't spoke to my IP directly, it's always one of his assistants. I was under the impression when I took on the agreement that the baseline would be changed each year but am disappointed that this hasn't been the case. I'm now really worried that they may make me bank...

GT do review my income and expenditure every year but they say that the 50% which I must pay to creditors is based on the baseline set at the original agreement in 2005. My I and E has dramatically changed since then. Surely this cannot be correct and I should be paying the 50% on my current I and E...

Hara, the reason to this is that although my income has increased, my outgoings have increased more so due to family circumstances. This means that I am currently unable to pay the 50% extra to my creditors as my IP hasn't altered my outgoings (the baseline) each year I have been in my IVA. That's w...

That would work well for me I think and would be happy to comply with that arrangement. In your experience, would creditors be more likely to accept that rather than declare me bankrupt as they would see considerably more money on the IVA agreement than in bankruptcy?

Thanks Melanie, that is what I originally thought and it seems unfair to not adjust this baseline. I am now thinking of proposing to Grant Thornton (my IP) that I pay £520 per month over the next 3 years with no 50% of extra income payable. This would give them almost £6000 extra over the original a...

Thanks for getting back to me. The reason I am struggling is that my IP is not adjusting the baseline benchmark for this calculation each year. It is still based on my take home pay when I took out the agreement in 2005, I now earn more but subsequently pay more on outgoings. Should my IP be adjusti...

Hi, I am 2 years into my IVA and have asked my IP if there would be possibilities of an amendment to my original £350 per month with 50% of extra income payment (£2000 of which I haven't yet paid due to extra outgoings and am struggling). I know earn more but also pay out more on my outgoings. I hav...