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I think i will owe a lump sum as there has been a delay on my annual review, what can i do as i do not have any cash saved up to pay this.

Hi emmac and welcome to the forum

Speak to your IP about this as soon as possible. Everyone can make a mistake once - especially if you have had additional unforseen expenditure to cope with over the last year - and if so make sure you make your IP aware of this producing receipts if possible.

But you must be prepared for them to monitor you more closely in the future. I insist that clients submit their wage-slips to me on a quarterly basis, so that we can collect the money throughout the year, and some clients even pay it over monthly to avoid spending it.

Remember an IVA needs a degree of self-discipline on your part to work towards that successful outcome of being debt free.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

I do give them my payslips quartly and have a DD set up but i recently received a pay rise.

The other question i have is that i need to start saving of deposit to move out of my mums in to a rented house. Will my IP allow for this? And also will i have trouble getting rented accomodation.

Getting into rented accommodation will likely not be a problem but you will perhaps have to use a private landlord.

Moving from a Parental home to rented accommodation come sometimes have a negative effect on your ability to pay your agreed monthly payments. If you plan to do this you need to discuss this with your IP so that you can asses the impact this will have on your IVA.


Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Hi Emma

If I were reviewing your case, I would take your payrise into consideration at the end of the year only, and increase payments if I felt you could afford to - so you may find your IP does not ask for any money. How much was your payrise?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk