Can I re-submit my expenses that keep increasing

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Post by Karis » Wed Apr 30, 2008 6:01 pm
I started my IVA in Nov 2007 - earning £17500, paying £154 a month to IVA. Since then, I got a new job paying £20000 but it is 35 miles further from home than previous employment. I now need an extra £100 per month for fuel. IVA lets me keep 10% of my original pay (£102 per month) plus 50% of any extra (£160/2=£80) so I now pay £234 and have kept £182 per month of my pay rise. This doesn't actually cover the cost of my new fuel expenses (especially with fuel costs rising) and the inflation on my gas/water/electric/food bills. What happens when these bills increase to the point that they are no longer covered by the money I can keep? Can I re-submit my expenses if they keep increasing? My rent will increase soon too - does this get addressed at my annual review? Or before?


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Post by MelanieGiles » Wed Apr 30, 2008 6:43 pm
Hi Karis and welcome to the forum

Let your IP know about your increased expenditure and I am sure that they can rearrange your payments to suit.
Regards, Melanie Giles, Insolvency Practitioner
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