Change in Income

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moneysaver09

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Post by moneysaver09 » Fri Sep 21, 2012 5:47 pm
Hi

My partners wages have went up as he now has a full time ob so I informed tax credits and they reduced by £10 per week. My IVA company have advised they will do an interim review so I just need to send them in all the info as I needed an extra allowance for petrol.
After this, it means we now have an extra £174 left per month. Will they want to take all of this or will we get to keep part of it? thanks
 
 

herbekj

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Post by herbekj » Fri Sep 21, 2012 6:28 pm
It would depend on your IVA agreement but likely to be a on 10/50/50 rule so you may be expected to pay around £80 more but if this is being treated as an interim review and you feel the other costs have gone up you should uplift them which could reduce that.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
 
 

moneysaver09

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Location: United Kingdom

Post by moneysaver09 » Sat Sep 22, 2012 8:54 am
Thanks for your response. I'm going to send in all the info o them on Monday to see what they need to do, have changed the extra costs on my budget. I just wasnt sure if they would take the full amount

thanks
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