Our IVA was set out over monhtly costs/budgets. We get paid weekly. The overtime clause of 10% over your take home pay send 50% and keep 50%. Is this figure on the monthly figure. ie. take home £300.00/week (£1300 monthly). So does it work on over and above £30.00 for the week or £130.00 over the month.
I imagine it would be on the weekly amount if that's how you get paid.
I'm not 100% sure 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
It would be overtime over and above £130 per month that would be payable. The modification relates to the income 'as stated in the proposal' and your income and expenditure would have been listed on a monthly basis.
I'll get it right yet! Must admit I wasn't sure about that one.
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
I'm sure you are right. I suppose it needs checking with the IP.
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
