i am due to finish my iva in the next months

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tina.w

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Post by tina.w » Mon Feb 16, 2009 9:54 am
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i am due to finish my iva in the next months, i have arrears of overtime payments which was agreed to be payed at the end of iva, will i have to pay fees to the iva until the arrears payed,or just pay the balance owing as obviously it willgo over the five year period
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kallis3

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Post by kallis3 » Mon Feb 16, 2009 10:23 am
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As far as I am aware, you will just pay the outstanding arrears, and once they are finished, your IVA will be completed.
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
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MelanieGiles

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Post by MelanieGiles » Mon Feb 16, 2009 10:25 am
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If your IP has to carry out more work, as a result in the delay on your part in forwarding overtime payments, it has to be right that they be remunerated for that work - however it will depend upon what the proposal actually allows for fees.

Check with your IP to be sure.
Regards, Melanie Giles, Insolvency Practitioner
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