www.iva.co.uk

I've just been doing my annual review and worked out my surplus is now only £119

We were paying £200 a month which we had reduced by 15% to £170 when I went on maternity leave. Now I'm worried that we will fail the IVA because my surplus has dropped so low. Is there a minimum payment that can be made?

Hi,

There are some firms that are happy with £100 DI but you need to speak to your IP and explain things and see if they are happy with the drop.

Just fill in the paperwork accurately and request a telephone meeting with your IP to discuss and hopefully things can carry on. Hope it works out for you.

Ensure the I&E truley reflects all expenses and speak with your IP to find a solution - let us know how you get on x