renegotiating an IVA

[irish_ram]

Cheers Lads,

I mean, I am going to go with the option of joining my out goings with my GF and doing it that way and being honest as seems to work better.

I just hope that with me saying I pay hafl the expenses of the car even though it is not mine counts.

In terms of 10% thing, thats means that if I earn more than 135 on top of wage, I pay them 50% of it I think. But does that mean that if i earn 145 say on top of wage, do i pay them 50% of the £10 aove the 135 or do I pay them 50% of the 145

[Viki.W]

It would be 50% of £10.

[irish_ram]

Cheers,

Can anyone help me on the contingency part, it was down as £50 last year, but surely it should be more thn that to live on, does anyone know what a reasonable amount to quote would be?

Also, does anyone know what they will do about me being on a higher wage for the last few months as did not realise I had to tell them straight away but they will realise once I send them my payslips.

[irish_ram]

Sorry to bug, I know everyone has been great help, just wondered if anyone had any ideas on the contingency thing and also what sort of position I am going to be in with having a higher wage for the last few months and didnt let IP know, I mean will they demand all the extra back pay, or because I am going to be offering to pay maybe double a month at least, will that help me out

Cheers again for any help

[MelanieGiles]

Under CCCS guidelines, which most OP firms now follow, there are various allowances which could be saved for contingencies, and they vary depending upon whether you are single, married or have children.

If you would like a copy of the guidelines, please e-mail me at my website and I will send this to you immediately.

[irish_ram]

Cheers Melanie,

I have emailed you from your site as requested.

Everything is almost sorted now I believe, so wil be contacting my IP towards the end of this month when payments due. Just a bit worried about what he will say once I tell him i have moved house, got higher wages and sold my car, dont want my IVA to fail now after raising this Topic

Anyone been in similar circumstances and what was the outcome

[MelanieGiles]

No reason for it to fail. They might assess you as needing to pay higher payments, but this will only be done with your agreement and at this stage you have the opportunity to advise about higher costs.

[irish_ram]

Cheers again,

The payment side I am not bothered about, as I pay 230 a month now and because i wan to end the IVA as quick as possible, I am looking to offer them around 500 a month at least. What I am worried about is will they look at the last few months where I was earning more money than they knew, and want some of that back, or me offering to pay more than double a month be satifactory

[MelanieGiles]

I can't see if being a problem so long as you are prepared to increase the payments now.

[David Mond]

The CCCS has changed the Contingency Payments for a single person to £11 per month, couple with no children £21 and £11 for Child (single.

Hope this helps