hi - its me again! - sorry to mither you all - i know that if i earn any overtime, according to my contract that i will pay 50% into the IVA - but my question is: if i contact my IP straight away and inform them i have earned "x" amount overtime - will the 50% be taken straight away or will it be done at the review? i would rather keep upto date so i know where i am upto!! thanx
We make an additional payment whenever we have extra to pay over following our bonus each year - it is so much easier knowing that you are up to date and don't owe any more !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
You can always check with your Supervisor. If your IVA is post 1st February 2008 and is a Protocol compliant one then the answer is yes. Otherwise check the Terms of your proposal.
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.
