If I owe money at the end of my iva what happens?

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Kirsty.cr

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Post by Kirsty.cr » Wed Jun 11, 2014 9:09 pm
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If I owe money at the end of my iva what happens? What are my options. Thank you
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Foggy

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Post by Foggy » Wed Jun 11, 2014 9:11 pm
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What do you mean by owing money ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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november09

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Post by november09 » Wed Jun 11, 2014 9:18 pm
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Hi, I mean it's it found that I've owe money due to a missed payment, or not paid enough in of a bonus ect thanks
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Foggy

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Post by Foggy » Wed Jun 11, 2014 9:23 pm
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Ah, right ... all depends upon the amount. You will be asked to pay the missing amount, if it was a genuine oversight most IP's will allow a period of time by extending the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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november09

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Post by november09 » Wed Jun 11, 2014 9:31 pm
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For example my last payment is due to October if it's found I owe for example £800 due to not paying in enough overtime, bonus ect. Will they give me the option to extend? Do I just pay what I owe, or do they add on fees . Thanks for all the help.
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Foggy

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Post by Foggy » Wed Jun 11, 2014 9:40 pm
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They will most likely extend -- you just pay the missed amounts -- fees come out of that.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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