You'd have to try and get a reduction in the payments if you were unable to pay them the full amount.
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
You can reduce your IVA payments by up to 15% without the need for a creditors meeting - but better to discuss this directly with your IP who has specific knowledge of your case!
I hope everything works out fine - fingers crossed.
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.
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
everybody at risk will get letters this fri or monday depending on shifts!! so fingers crossed. They have been asked (told) to accept a 2% payrise as opposed to 5% which is fine.. but then they've been asked (told) that they may have to accept a 5% reduction in shift allowance, which has caused uproar, not because of greed, but the fact that office/dayshift staff will get a rise but the shift workers will lose money each month!! Management can't see what the fuss is about, so will keep you updated with this next saga!!
Hubby works 12 hour days and nights working friday, saturday and sunday every other weekend, which is hard going.. I can't see why they should be penalised!!
Fingers crossed for hubby Ang, this must be an awful week for you both.
Hope it is good news. Thinking of you both.
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
Well hubbys job is safe for now!! Thank God.. just got to wait to see if this is end of redundancies, and what will happen with his pay!! So fingers crossed again!!
Thanks for all your support and kind words.. will keep you updated with next chapter
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
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
