Hi Lisa. It will depend on the wording of your husband's IVA proposal. Usually it is either a 50/50 split, or some are allowed the first 10%, then split the balance 50/50. However, it wouldn't surprise me if older agreements want the lot !!!!
Have a look at the proposal, it will be set out there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
i did that my proposal said creditors ensure that 50% of additional income is paid +25% +vat is payable my actual iva said rising as per original proposal and in occordance with review ( smoking) so why is my ip saying they will take 100% of the over time
I have not heard of VAT or an extra 25% being paid on your overtime payments before. Is it you that is in the IVA or your husband?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Which company are you with? I've not heard of this before at all.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi, I would speak to your IP again with your paperwork to hand and ask them to show you where exactly it says you pay 100% of overtime to the iva. Could it have been a modification in the chairman's report or at a variation meeting (if you've had one)? If you do have to pay 100% at least you get the satisfaction of knowing your are repaying more. x
Must admit that I was expected to pay across 100% of overtime there is no way I would do any!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
