couple of questions...

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loopylass81

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Post by loopylass81 » Sun Mar 02, 2008 6:02 pm
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When in an IVA do you have to do a variation each year you get a payrise?

Also I am having to relocate my work place and being paid my excess hrough my wage how would this affect my IVA?
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Adam Davies

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Post by Adam Davies » Sun Mar 02, 2008 6:37 pm
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Hi
You have your annual review each year and fill out a new income and expenditure form.You will only have a variation meeting if your IP needs to consult your creditors for their approval of a change to your IVA.
I do not understand your second question I'm afraid,please clarify
Regards
Andam Davies
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loopylass81

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Post by loopylass81 » Mon Mar 03, 2008 6:24 pm
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Hi Andy

Sorry what I meant was my work have agreed to pay for the extra it is going to cost me to travel to work each day. This is paid each month into my wage and I get my agreed fare with it. How will this affect my iva?
Hope this makes sense
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Adam Davies

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Post by Adam Davies » Mon Mar 03, 2008 8:04 pm
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Hi
You would show it as income but then it should be cancelled out by increased travelling costs on your expenditure.
Regards
Andam Davies
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