can you add extra bills to IVA

[clairegs]

once an iva is set up can you add extra bills to it?

[ivoriva]

You will have at least a yearly review, and you will be required to redo Income & Expenditure as part of this. So you will be able to add/change things at this stage. Or if there is something major that needs sorting inbetween you can request a review of the I&E with your IP.
Generally speaking, if increased expenditure cant be matched by an increase in income (ie a shortfall occurs and you can no longer meet your monthly IVA payments) - then this can normally be dealt with in one of two ways. If this meant, for example, there was upto 15% percent reduction in monthly contributions then you could probably arrange to pay additional contributions at the end of initial agreement upto a maxmimum of 12 further monthly payments to cover the shortfall. If its something more major, a variation meeting would have to be called and the proposal would have to be agreed to again by your creditors - in the same manner the initial agreement was approved. There would be no guarantee your creditors would agree.

You are also normally allowed to miss upto 3 payments during the 5 year period, which can be made up at the end of the initial agreement - if say there was a temporary and unexpected bill or change of circumstance (ie loss of employment etc).

[Adam Davies]

Hi
Do you mean extra debts ?
If so and these have been genuinly missed off when putting your IVA together then you need to contact your IP now.They will contact the creditors and invite them to join the IVA.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp