Thanks Kallis, but is that 10% of my monthly salary or 10% of the 3 months?

I don't receive any overtime at all, but I do have a qtr bonus scheme, some qtr's I get a bonus and others I don't. Would the 10% - 50%/50% rule apply on my monthly take home on the given qtr that the bonus is received, or would it be worked out on the annual income? I have not entered into an IVA y...

Thanks for that information Robert, I think if my husband is made redundant, I may speak to my manager about it and see what will happen.

What was your IVA agreement, if you don't mind me asking? did you agree a full and final settlement, or a monthly amount?

Well done Robert! Did you actually sell you house then? How did the FSA react to the IVA? I am also a Mortgage Adviser, although I actually work for a bank (one of my main creditors!), but I was worried about how the FSA would react to an IVA. Myself and my husband may need to seriously consider an ...

Hi Hopeful

Congrat's, I am sure you are so releived!

What dividend was agreed?

Can I ask what may seem like a really silly question.... Do you actually need to be present at the creditor meetings? Are they actually meetings or conference calls?

Sorry, but new to this [:D]

Can I ask what happens in an IVA if your circumstances changes? Say I start an IVA on a full time income, but my income drops due to me having a baby, what will happen to the IVA payments?

I think Cahoot is part of Santander too.....x

Can I ask... I am also a trainee accountant and am considering an IVA. Would an IVA affect me in any way?

Thanks

Sorry to be a pain, but I am new to this..

What does the 10% plus 50/50 mean?

Thanks

Whooo! Didn't mean to cause such a debate! All I worry about is this: If my husband works nights, he takes home around £800 pw, but if he works days, he takes home around £500. As you can see, it is a big difference. If we worked an IVA out on the £800 income and then the night work stops and the in...

My husband is a tradesman, and in the past he has alway earnt above his basic weekly hours of 37.5. But resently, they reduced his income down from 50 to 45 hours per week, which hit our income. He also occational works nights, so gets a higher hourly rate, but then there are other weeks when he wil...

Hi Andydavies & Plasticdraft Thanks for your input. How much would they likely what to take from the equity? The properties that I have abroad are in the USA, so I don't know when there will ever be equity in them, they say it will take years to come out of the property slump over there. I take it I...

Hi extremelyhappygraham!!

When you say "plus equity" what does that mean?

Thanks

I have properties abroad that are in negative equity, as is my property in the UK. Can you tell me how these can affect an IVA. I would love to sell these properties and pay off my debts, but I wouldn't even be able to pay the mortgages off. I receive a rental income for these properties, but this j...