tasha_shero33 wrote:Hi the IVA is in both our names so it will be both our bonus and over time.
think we have the 10% then 50/50 rule so it isnt all bad. I have lost a few days unpaid this month so hoping that I can use the bonus to boost what I have lost in wages before they take there cut so it wont feel too bad.
Also if they don't agree on the 17th and things are dragged out. Can that possibly change the date or is it once the meeting has happened regardless of any changes the payment will be classed as a December payment.
just have to swallow this one by the looks of it. my advisor had originally told me that I will be ok and not have to pay the bonus over but the date for the meeting came back earlier then expected.
Also are we meant to get a paper copy of the IVA or is it normal to sign it online?
Ah right -- so, to avoid any future confusion you
each have an IVA (no such thing as a joint IVA) just joined together so you make one joint payment each month. If things are dragged out and the IVA isn't accepted on the date of the first meeting and the acceptance comes after your pay day, then the extra income should be considered all yours as you are not in the IVA until such time as it has been accepted by creditors.
I signed my proposal online, but was also sent a paper copy some days later. In this modern day and age, often, an online copy is all you will get. It depends on the provider. Personally I would print off a copy as you will need to study it in detail -- several times over a few cups of tea / coffee -- to make sure that you are fully aware of your responsibilities as well as those of your supervisor, who might sometimes stray too ! It is your IVA and your responsibility, at the end of the day, to ensure that you comply and to have the knowledge that your provider plays to the rules too.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014