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Posted: Wed Jun 11, 2014 9:09 pm
by Kirsty.cr
If I owe money at the end of my iva what happens? What are my options. Thank you
Posted: Wed Jun 11, 2014 9:11 pm
by Foggy
What do you mean by owing money ?
Posted: Wed Jun 11, 2014 9:18 pm
by november09
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
Posted: Wed Jun 11, 2014 9:23 pm
by Foggy
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.
Posted: Wed Jun 11, 2014 9:31 pm
by november09
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.
Posted: Wed Jun 11, 2014 9:40 pm
by Foggy
They will most likely extend -- you just pay the missed amounts -- fees come out of that.