First Review......advice please...........

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davidm1984

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Post by davidm1984 » Tue May 05, 2009 8:15 pm
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Hi,

My first review is this week.....nervous to say the least.
I have recently split with my partner and have been forced to move back home with my son to my parents house.
I have had to cut my hours in work in order to look after my son more, reducing my wages considerably. And although i dont have to pay my own rent i do have to pay part of my parents rent, council tax, etc.
Anyway..........the long and short of it is although my outgoings have decreased so has my income to the extent that they offset still. I'm not looking to pay my IVA any less i can afford to keep the payments the same. Do u think this will be ok?

Thanks
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MelanieGiles

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Post by MelanieGiles » Tue May 05, 2009 8:20 pm
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I would say that your annual review will take all of 30 seconds to carry out David - just as long as it has taken me to read your post to be frank.

If your disposable income is unchanged, then there will be no increase in payments and you ought to continue to pay at the agreed level for at least the next year.
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Wed May 06, 2009 7:38 am
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Have no fear namesake - you will have no problems with your annual review.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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