www.iva.co.uk

Hi,
I have just made my final payment of my IVA. It has been a hard 60 months. My IVA was passed to a diffrent company last March. This I was pleased about, as Accuma was my IP before this, and i had problems from the word go. The problem being now is they are asking for wage slips and bank statements, so that they can work out my payments for the nexted year? Also i have earned more than i thought as i started a new job back in May last year. I did not know that i had to inform anybody about pay rises, well in my case overtime that i had no choice in. I'm very worried about all this and have been to my doctors as its making me ill. Please can you advise me on weather this is how my IVA should be finishing.

Hi there and welcome to the forum

Surely when your IVA was under the supervision of Accuma you were obliged to provide the same information and confirmation about any pay rises?

I would have thought that the incoming IP firm would want to get as many old cases closed as soon as they can, so my advice is to provide them with what they want and insist that your case be closed as soon as possible.

I am only at the proposal stage of my IVA, but I have been made aware that if I enter an IVA, any situation during my IVA which makes me financially better off than when I started my IVA needs to be declared, as my creditors have a claim on any extra income than was originally declared as my flat wage.