www.iva.co.uk

Hi all
Started oficially paying my IVA around this time in 2006.
Had £36k worth of debts and in last couple of years have found decent well paid jobs that have therefore increased my monthly payments drastically from £338 to £810 per month.
Is there a maximum the IVA consultants can put my monthly charges up to?
So although I've bettered myself jobwise I still got lumbered with a lump sum to pay upon my last annual review and the forementioned payment increase.
I've also just moved out and had to borrow over £2k from friends for deposit etc. Is this something I can write into my IVA as I need to pay them back but can't as the IVA have increased my payments so much that I think I am left with money for a newspaper each month after my expenditure has been calculated.

Hope this all makes some sense and would appreciate some advice.

I've got further questions to follow but will search the forums first to make sure I'm not repeating people........

Hi,

I don't think there is a maximum, but obviously it should be down to affordability on your part.

Did you inform your IP that you were moving? They may well have given you a payment break to get the deposit together rather than you relying on friends.

If your expenditure has increased because of your move, you need to fill a new I&E form in and hopefully get a reduction in your payments.

Give your IP a ring.

Thanks kallis

I had literally just had a 2 month break whilst I was redundant from work so felt uncomfortable asking for more.

Will give them a buzz but it's Synergi I deal with and from reading other posts you may appreciate they are slow and somewhat distant sometimes in responding!!

Try emailing your IP direct. You might get answers quicker that way. You should be able to find him via this link:

http://www.insolvency-service.co.uk/newipsearch.htm