Increase in IVA payments

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vickir

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Post by vickir » Sun Mar 16, 2008 9:52 am
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I keep seeing people saying the their IP has asked for an increase in payments after the annual reveiw.

My concern is, i've not had a pay rise for 5 years, quarterly bonuses are getting less, but rent, council tax, gas electric etc.. have all gone up.

Do they always insist on raising your payments after the first year - i'm worse off now than i was when i started.

Vicki x
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MelanieGiles

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Post by MelanieGiles » Sun Mar 16, 2008 10:32 am
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You will only be asked to increase your payments if your disposable income has increased. In my experience this happens in less than 5% of the cases under my supervision in my own practice.
Regards, Melanie Giles, Insolvency Practitioner
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vickir

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Post by vickir » Sun Mar 16, 2008 11:28 am
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Thanks Melanie - youv'e made me feel a lot better - dont you take Sunday's off????
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joh71262

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Post by joh71262 » Sun Mar 16, 2008 11:31 am
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Mel never sleeps !!!!

[:D]
There's light at the end of the tunnel - it's just that sometimes the tunnel seems so long.

IVA Complete June 2009
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MelanieGiles

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Post by MelanieGiles » Sun Mar 16, 2008 12:06 pm
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Well I'm still sitting in my dressing gown, so I suppose I'm not working really too hard!
Regards, Melanie Giles, Insolvency Practitioner
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