50% of additional income

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pm5

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Post by pm5 » Sat May 31, 2008 11:02 am
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My agreement states that I have to donate 50& of any additional income above what was stated at the start of my IVA.
I have recieved a cheque from a company I used to work for a few years ago who went into liquidation, would this mean I still have to donate 50% of it as it is not really additional income as such.
Any comments would be grateful.
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pixie

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Post by pixie » Sat May 31, 2008 11:14 am
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I would think that it would be classed as a windfall but I could be wrong! Usually you would keep the first 500 and hand the rest over.
Pixie
'Welcome to where ever you are, this is your life you've made it this far, welcome, you've got to believe right here right now is exactly where you're meant to be'
IVA started may 07 ended dec 08
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kallis3

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Post by kallis3 » Sat May 31, 2008 12:02 pm
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I would think it would depend on how much the cheque was for. You perhaps need to ask your IP
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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http://kallis3.blogs.iva.co.uk
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