Is Parjay's friend has her own IVA and not a joint IVA will the husband's payout be considered and included as a windfall? Obviously if it the husband's IVA or a joint IVA then it must be considered, and negotiations plus calculations made. I asked my IP in my initial meeting about my wife receiving...

I agree. The creditors are being patient with us we should try and repay what we can. Unleass bonuses are big ones the 10%/50% rule can be quite reasonable.

Hi Kallis, In my last job before becoming a teacher we could choose between bonus in our wage or a high street voucher. I'm sure it was some kind of tax fiddle (for them and me). They can be spent in almost all the big shops in the Trafford Centre or the town centre. My wife works for a council and ...

Goosed/Pandy,

That doesn't seem all that fair. If you get one end of year bonus then it should be proportional to the period it covers.

Can you not get your bonus in high street vouchers? Would they be subject to the same uplift?

Well, that's something positive to look forward to.
When I learn something new (good or bad) I'll post it on here for others to note.
Good luck with summer.
Nick

Me too and they are trying to screw our pension up now. Another good thing I remember from the initial discussions is that if you get a payrise in September and your review is not until March then you should be able to keep any increase if it's within your 10% tolerance. During your review the new i...

If your bonus is an annual bonus and not a monthly bonus it may even be more favourable. It may be worth speaking to your IP.

It's quite nice knowing exactly where I'm up to each month and just using cash and debit cards. The only downside is that payday seems to come around very slowly these days...

Hi Kazzafunk,
If you have the keep 10% then give 50% then it's quite reasonable. When I had a large outlay and owed an uplift, my IP was kind and let me delay it until the following month.
Life is mucher better now, I hope you're feeling the same relief.
Nick

Hi Jan,

Life is far less stressful than 6 months ago. The IVA was the best thing I could have done.

It's great to see that you are still offering excellent advice and friendly support to worried folk on the forum.

Nick

Hi Jan, It's been a while since I last posted. We're not struggling yet but everything went up just after the IVA approval. I've had some OT that's come in handy and I've been able to pay an uplift for 4 months. It's typical - nursery went up by £4/day, after school club by £15/week, car insurance b...

If expenditure goes up and family income decreases due to different job and loss of tex credits could your monthly IVA payment actually go down or do IPs try to keep the payments constant? Everytime I renew insurance it has increased, fuel and bills are increasing and household income has reduced si...

Hello Peter,
I'm a teacher and I have just started down the IVA road.

Get some free, expert advice from the IPs on this forum. I am with Melanie Giles. She and her team are excellent.

Congratulations - It's a great feeling knowing that things are going to get sorted!

One last thing on this:

When searching for yourself on the insolvency register site do you search your hometown? How long does it usually take for your name to appear on there?

Thanks Melanie, thanks Foggy.
Interesting post, It'll be interesting if they actually turn up.