www.iva.co.uk

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

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.