Holidays

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Brown Lizzie

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Post by Brown Lizzie » Tue Dec 30, 2008 2:23 pm
Hi, I just wondered if you are in an IVA agreement, are you allowed to put money aside for a holiday or would it be frowned upon by the IP?
 
 

Adam Davies

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Post by Adam Davies » Tue Dec 30, 2008 3:00 pm
Hi
If you can save money from your expenditure allowance or from your share of overtime/commission then you are free to spend it as you wish.
A holiday would be a a great incentive to scrimp and save
Regards
Andam Davies
 
 

MelanieGiles

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Post by MelanieGiles » Tue Dec 30, 2008 3:35 pm
In contrast to frowing, a good IP would wish you well for a modest family holiday paid for out of savings you have managed to make or overtime or other allowances you have been able to keep.

Five years is a long time to be in an IVA without a family break, and if you have children it is important to try and maintain some sort of normality for them and enjoy some quality family time. The Sun will be doing their cheap offers over the next few weeks, and many forum posters have enjoyed fabulous breaks away for a very minimal sum.
Regards, Melanie Giles, Insolvency Practitioner
 
 

David Mond

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Post by David Mond » Tue Dec 30, 2008 9:40 pm
I agree - if you can manage to save out of a tight budget based on CCCS guidelines - well done - have a great holiday!
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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