Thank you for your kind words, Emma. I appreciate your positive attitude : It aint so bad. It is a matter of getting through this as best as possible. Thank you!!

Thanks Andy, Sure I will be debt free in five years and I don't want to sound ungrateful: I am lucky to have this IVA since in other countries bankrucpy is the sole option. I suppose that being allowed to keep 50 per cent of any extra income will have to do. When I had the chance of being financiall...

I know that creditors are not in the business of charity and that both my previous circummstances and my financial irresponsibility have brought me to my current situation. I just about scrape by every month and now I have a newborn daughter. I am not into sob stories but neither my wife or I have a...

Thanks very much for your advice.

I suppose that any increased payments can then be negotiated...if it isn't affordable one would end up bankrupt wich isn't good news for the creditors.

regards

Perdurabo

Hi, Two questions: I am paying an IVA. If I get offered a new job that, say, pays an extra 400 pounds a month, the creditors are entitled to 50 per cent of that additional income? secondly, how do the IPs and creditors check this? In the annual review do they request payslips? thirdly, what happens ...