getting worried about handing over extra payments

[mark.d]

my iva is up for review in june this year its £300per month.im currenly earing about £150 more per month due to overtime than when the iva started .nowear in my chairmans report dose it mention handing over extra payments to my IP im now getting worried after reading on the forum this may be required.my rent has risen by £75 since the iva started so im not really better off by much plus the cars only just passed the MOT so im just keeping a little aside in case of further car trouble hoping someone can help

[aguise]

The best thing to do mark is to ask your company. If you have the 50% clause it will be in your proposal check that as well. If it is ther I would again speak to your IP and see what they say.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[james.c]

i am very suprised it doesnt say in your agreement that 50% must be paid over.

If however it dosent i would imagine on the yearly review you will just fill in a new I and E report, and it will go up from then.

no matter how bad money gets, theirs stll alot more important things in life

[mark.d]

THANKS TO YOU BOTH FOR YOUR QUICK REPLYS WILL CHECK THE PROPOSAL PAPERWORK AGAIN
BEST WISHES TO ALL WHO USE THE FORUM

[MelanieGiles]

If your IP feels that you can afford to pay higher payments, then they are duty bound to seek these for the benefit of your creditors. But they will take increased expenditure into account so long as this can be properly justified.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp