How much should i pay this month?

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aragorn

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Post by aragorn » Wed Apr 23, 2008 5:15 pm
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Hi,

i have not paid into iva for 2 months because of redundancy.(this will be repaid when i receive redundancy money.)i have however been paying all overtime into the iva from wifes wages as opposed to the 50% uplift to show willing to creditors during this time.

I have recieved wages from two companies this month because since i was made redundant i left a job and started another which will mean that i will have approx £1000.00 disposable before overtime to pay in this month(normal payment is £700.00).

My question is : will it be acceptable to the creditors/iva company to only pay the 50% overtime in this month from our wages. My wife has done 50 hrs as there are so many things we need at the moment ?


Many Thanks.
Last edited by aragorn on Wed Apr 23, 2008 5:16 pm, edited 1 time in total.
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emma_t

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Post by emma_t » Wed Apr 23, 2008 5:19 pm
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Hi there

I really would suggest contacting your IP and talking with them about this as some IP's advice may differ from others.

Surely they will be reasonable in a situation like yours, I would hope[:)]
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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MelanieGiles

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Post by MelanieGiles » Wed Apr 23, 2008 10:12 pm
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Why have you been paying more than you need to?
Regards, Melanie Giles, Insolvency Practitioner
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