Franchise driver

Get expert opinion. This is the place for new questions to be posted.
19 posts Page 1 of 2
Post Reply
 
 

Happy.8

User avatar
Posts: 4
Joined: Sat Apr 09, 2011 9:45 pm
Post by Happy.8 » Sat Jun 23, 2012 10:35 pm
Quote
Hi any help will be appreciated. We are just after our first year iva review and my husband been offered a franchise driver, which mean he will be able to earn more but have to pay tax himself. I's this something he can do while on iva?
Top
 
 

Niobe

User avatar
Posts: 5169
Joined: Tue Jul 03, 2012 9:56 am
Location:
Post by Niobe » Sun Jun 24, 2012 7:57 am
Quote
Hello,

Yes he can do that, nothing to stop him and it may mean that you will be able to pay more to your IVA.

Just let your IP know what is happening.
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Sun Jun 24, 2012 9:55 am
Quote
Agreed keep your IP in the loop at all times and pay any extra monies due over and no surprises that way at review time.x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

Broke of London

User avatar
Posts: 7761
Joined: Sun Sep 05, 2010 6:04 pm
Location: United Kingdom
Post by Broke of London » Sun Jun 24, 2012 11:06 pm
Quote
What a great opportunity for your husband! Wish him luck in his new job!!

As the others have said, just keep your IP in the loop x
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Tue Jun 26, 2012 1:41 pm
Quote
Make sure and allow for tax and national insurance when budgetting. Do a set of projections and base any uplift on te net figure after tax and expenses.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Jun 26, 2012 1:52 pm
Quote
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Michael Peoples

Make sure and allow for tax and national insurance when budgetting. Do a set of projections and base any uplift on te net figure after tax and expenses.
More importantly make sure whoever works out your I&E makes this allowance ... mine didn't !!!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Tue Jun 26, 2012 1:54 pm
Quote
Schoolboy error that Foggy! How could they make that mistake?
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Jun 26, 2012 2:12 pm
Quote
It does make me wonder, Michael.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Happy88

User avatar
Posts: 61
Joined: Wed Jan 19, 2011 10:50 pm
Location:
Post by Happy88 » Tue Jun 26, 2012 9:29 pm
Quote
Thank you people for your advise. I m glad.phew!!!
Btw has the website change it's way of posting?i didn't get any email telling me people has replied until now...heheh
You guys are just amazinggggg
Top
 
 

Niobe

User avatar
Posts: 5169
Joined: Tue Jul 03, 2012 9:56 am
Location:
Post by Niobe » Tue Jun 26, 2012 9:37 pm
Quote
You will only get notification if you subscribe to the topic, otherwise nothing.
Top
 
 

Broke of London

User avatar
Posts: 7761
Joined: Sun Sep 05, 2010 6:04 pm
Location: United Kingdom
Post by Broke of London » Tue Jun 26, 2012 11:49 pm
Quote
Hope it works out for you Happy88!!
Top
 
 

Happy88

User avatar
Posts: 61
Joined: Wed Jan 19, 2011 10:50 pm
Location:
Post by Happy88 » Tue Sep 04, 2012 8:26 pm
Quote
My husband rang our iva personnel to advise about the offer,he been told to tell his boss about his iva. Now he been rejected the franchisee because of this! I don't understand how our iva have any affect on the franchisee thing! Any help to fight this case?
Top
 
 

Niobe

User avatar
Posts: 5169
Joined: Tue Jul 03, 2012 9:56 am
Location:
Post by Niobe » Tue Sep 04, 2012 8:29 pm
Quote
It is obviously because of the IVA that he has been rejected as they will have done a credit check. It's not good and I would fight it if you can.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Wed Sep 05, 2012 1:48 am
Quote
Who told him to disclose the IVA?
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Happy88

User avatar
Posts: 61
Joined: Wed Jan 19, 2011 10:50 pm
Location:
Post by Happy88 » Sat Sep 08, 2012 6:14 pm
Quote
Hi all
He had a form to fill n it says something about credit check so he ask opinion from the IP assistant n have been told to tell his manager about the iva situation. His manager came back and say no it can't be done if he is on iva. I felt gutted! I didn't know about it until he told me, I would have suggest otherwise! How are we gonna fight now?
Top
Post Reply
19 posts Page 1 of 2
Return to “Ask IVA Forum and Industry experts”