Page 1 of 1
Posted: Tue Nov 13, 2007 6:08 pm
by david.j
hello i am in a iva and have changed my job and my wages have gone up will this change my payments thanks david
Posted: Tue Nov 13, 2007 6:49 pm
by MelanieGiles
Almost certaintly - but seek your own IP's advice on this as they have detailed knowledge of your case.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Tue Nov 13, 2007 6:50 pm
by Cybus
I would contact your Supervisor and advise of the change in your circumstances.
He / She should undertake a review of your income and expenditure with a view to determining the level of contributions that you can afford to pay.
It may well be that you remain on the current level of payments in to the IVA until the next anniversary and then they would probably be expected to increase given the increase in your income.
I would not expect them to take all your new income though as I suspect your I & E is already pretty tight and as such some slack may be cut.
First thing to do, as I mention, is contact the Supervisor.
Tell it like it is.