I've been trying to get this one answered for a while. I'm in the second year of an iva and Ive been told that I'm due a bonus this year of aound £8000. My proposal states that I am responsible for paying 50% of any additional income I receive. My question is this: once I receive this bonus and hand over 50%, does this money get deducted from my proposal amount or does it go directly to the creditors?
Yes - they will receive a higher dividend as a result, but if your IP is remunerated on a percentage basis they will also get the benefit of a larger fee.
