Thanks everybody for your kind responses and I'm sure I'm being thick but I still cannot get my head around when it is a windfall and when it is a bonus/OT. From the above it would appear that bonus/OT has to be paid at 50% after 10%, but a new job with higher wages would constitute a windfall. So (...

One creditor has actually written to me and told me that although they are aware I am in an IVA, they still expect me to pay the whole lot anyway. Can you believe that? I still have the letter. I am minded to ignore it unless there is a chance I can take the matter to court and have them struck out ...

Please forgive an obvious question, but when is it that I have to pay 50% of increased income and when do I have to pay it all into my IVA? For example, if I win on the Lottery that is presumably a windfall. But if I get a new job, or an additional income, then that is presumably just an increase in...

Not a pipe dream but possible subject to my other comments posted above. David, there is a reassuring tone to your response but you'll need to persist with me because I'm notoriously slow on the uptake. Are you saying that any school fees incurred by wife would be factored in when assessing disposa...

Hi there and welcome to the forum Your wife's income will have some impact on your future IVA payments, as if her share of the contribution inwards increases so should her share of the contribution outwards - ie she should pay a higher share towards household bills which will increase your individu...

I have been in an IVA for seven months now. Although I am married my debts were entirely my own and my wife is not party to the IVA despite the fact that her income was obviously taken into account when assessing me to see whether or not I qualified. Recently my wife set up an internet business whic...