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we already have an iva with synergi, my husband has been offered a full time job now, i reaalise that the payments would have to be increased, can you say roughly how much he would lose, is it half of his earnings even with expenses increased??

Im not an expert but I think you would need to do a new i&e for ip offsettin new expenses against your new income then pay over the surplus to iva. Best thing is to contact your IP though

Your IP will want to completely review your income and expenditure in light of your husband's new job. I suggest that you send them the details as soon as possible so that you know where you are. Make sure that he provides for all work related expenditure such as additional petrol, lunch costs etc.

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

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Welcome to the Forum Julieann,

The best thing to do is contact your I.P, explain to them the change in your circumstances. The amount extra you will have to pay all depends on how much more your husband is earning, whether you have any increased expenses as well etc.

Best Regards. IVA Experts

Hi julieann,

You will need to do a new I&E and speak to your IP as soon as possible. Is you expenditure increasing as well?

Regards,
Michelle P.

Hi
It can be all his extra income,s as others have said make sure that your expenditure is updated.
Regards

Andy Davie
IVA.co.uk Spokesperson

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