My hubby's thinking of looking for a new job as he's on rubbish wages and is treated like a mug.
If he was to earn more money each week how would it work? would our IVA just go up to take full amount of the extra income? or would we benefit from it to?
You would certainly have to pay some of it over, possibly have to do a new I&E form.
I think you would be able to keep some of it though.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Your IP would review your circumstances again Connie - to see what you could afford to pay based on the new salary. He may find that he has additional travelling expenses or other costs which would need to be funded from the increase, before creditors got more money.
Well the good news is that the CCCS guidelines for 2008 are now in being and as your husbands IVA was probably based on older figures there is a chance that certain allowances would be higher. Also take into account the increased costs of fuel, gas and electricity as well as food and water. Any increase could be offset. Check (as Melanie says) with your Supervisor (IP). Good luck.
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.
thanks david. i wondered if they were going to change the figures on that as all our bills have increased like everybody and i think our fuel was worked out before the massive hike in price so hopefully some things will be increased on our next review.
You could ask your IP to do an early review. We at ClearDebt have done some and successful result!!
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.
