Second job

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cr15py

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Post by cr15py » Thu Feb 14, 2008 1:26 pm
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I'm only thinking hypothetically, but just wondered about the situation was.

If I was to get a second job, say as a barman or something, how would this affect my IVA? Would I have to pay it all over, 50% over, or what?

It's something I might think about doing a couple of nights of the week just to relieve the boredom apart from anything else!
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
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abc

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Post by abc » Thu Feb 14, 2008 1:54 pm
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Depends on your proposal/modifications?

Some will require 50% of any additional income (net of deductions) to be paid into your IVA. Also when you have your first financial review your income would have increased which may cause your monthly contributions to increase.
Alan Coleman
Licensed Insolvency Practitioner with over 20 years experience and specialist for IVAs for self employed people

www.jmmarriott.co.uk
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bluemoon

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Post by bluemoon » Thu Feb 14, 2008 6:51 pm
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I thought of doing the same thing but it's pointless as i'd have to pay 50% of it into my IVA.
Stopped doing overtime at work for the same reason, i had to give 50% of it & then pay the travelling expenses (£12 a day) out of my half.
Just wasn't worth working extra hours for hardly any gain & i don't do any overtime at all anymore
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