now found out i am getting a bonus from work

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chris_p

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Post by chris_p » Tue Feb 20, 2007 10:03 am
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I am in the process of having an IVA set up and the draft proposal is due to be drafted in the next couple of weeks. They have not asked for statements from my new bank account and i have now found out i am getting a £ 1600 bonus from work. Do i have to tell the IVA company about this?
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Oliver

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Post by Oliver » Tue Feb 20, 2007 11:20 am
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Hello Chris
It is very important that you tell your IP about this payment so you can discuss this further. It is likely that your IP will find out about this payment from your payslips or p60 anyway.




Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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MelanieGiles

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Post by MelanieGiles » Tue Feb 20, 2007 12:56 pm
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Hi chris p

Yes you should tell your IP about the bonus payment. It would make sense to include 50% of this into the IVA as an initial lump sum, and retain the balance in a savings account for a rainy day.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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