Hi, Does overtime come off the amount I owe or does it just count as extra for creditors ?

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SINTON

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Post by SINTON » Thu Feb 28, 2013 10:15 am
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Hi, I've been earning quite a lot of overtime lately and have gave a % to grant thornton. Does this money come off the amount I owe or does this just count as extra for the companies I owe to? Thanks
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Shining

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Post by Shining » Thu Feb 28, 2013 10:26 am
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Hi, it will increase your dividend to your creditors. The full amount owed remains owing until the conclusion of your IVA or you have repaid your debts 100%. All the extras do add up though so worth doing the overtime to increase the dividend to the creditors whilst retaining your share of this.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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