WHAT HAPPENS IF YOU TAKE A 2ND PART TIME JOB ON A IVA?

I am in the process of having an IVA set up and the draft proposal is due to be drafted in the next couple of weeks. They have not asked for statements from my new bank account and i have now found out i am getting a £ 1600 bonus from work. Do i have to tell the IVA company about this?

Thanks Melanie. It was about seven hundred pound. Mind you living expenses have to come out of that as well.

Also would all the extra salary if I got a better paid job whilst I was on the IVA go to the creditors?

Thanks for yor replies so do you think it is best to take any cash out of my new basic bank account for personal use in the meantime

When you get your IVA approved is the intial payment higher the the agreed monthly repayments as you havn't paid your creditors repyments for a number of weeks beofore hand