The people who control my iva have said my agreement says i cant gamble when actually fact it doesnt say anthing other than any additional moneys from things like the lottery must be paid into the iva which is fine but i havnt one anything. Also it is my understanding i can earn 10% of my salary as iver time and anything there after i have to pay 50% into my iva and the rest is for me to do what i like with, so i cant be in breach.. appreciate any help
It depends on the reasons you entered the IVA in the first place -- if it was because of gambling there might be a mention in the preamble to your proposal or in the Chairman's Report -- but the general understanding is that you will not continue to gamble if that is what caused the problem in the first place.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree with Foggy - if you have a gambling problem you need to get it sorted. An occasional flutter on the lottery or the odd horse race is fine. Overtime is usually 10% plus 50/50.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I dont have a problem for instance i earnt overtime this month and didnt bet it is just the odd 2 pound here and there and was with my overtime after id made my necessary payments. So i dont think its a problem as ive missed no payments and paid ny additional also it doesnt say you can bet in my agreement it just says lottery wins and inheritance are windfall so im guessing winning a bet is the same so should be an issue... either im not gonna bother anymore as i dont want to fail my iva
Small amounts on lotteries and the horses are fine and anything under £500 will be yours to keep.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
You have an allowance for sports and hobbies and if you want to spend some of that on an occasional flutter I see no problem. I agree entirely with Kallis so try not to win over £500
Ok thanks, hopefully when they finally email back they wont see a problem and finish my change in circumstances as tgis is how it all came about... i got a payrise and told them so i could pay more but they still havnt finished the review... in hoping my pence to the pound will be stronger?
