if your left with 150 at the end of the month

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Charanjit

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Post by Charanjit » Tue Jun 17, 2014 1:53 am
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if your left with 150 at the end of the month and expenditure is 700. do they take the rest if the money when it comes to a review?
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MelanieGiles

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Post by MelanieGiles » Tue Jun 17, 2014 1:55 am
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Hi there and welcome to the forum

Do you mean that you have a surplus of income over expenditure that is £150 more than your contractual payment into an IVA?
Regards, Melanie Giles, Insolvency Practitioner
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Adam Davies

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Post by Adam Davies » Tue Jun 17, 2014 8:10 am
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Hi

Your IVA payment will be the difference between your income and expenditure, if you are already in an IVA then any changes at the review stage should result in only 50% of any increased disposable income going into your IVA on top of your existing payment

Regards
Andam Davies
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