Review has doubled my payments. I am considering bankruptcy.

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Claire.p

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Post by Claire.p » Thu Nov 20, 2014 12:45 am
I'm been in an iva for a year now and a review has just been completed and they've decided that my contribution per month is going to double following this which I simply cannot afford. What can or should I do, in considering bankruptcy?
 
 

Foggy

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Post by Foggy » Thu Nov 20, 2014 7:53 am
Hi Claire. Have you had a massive pay increase ?

Ask them to give you a copy of their calculations and point out where they have arrived at this increase.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

hubert

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Post by hubert » Thu Nov 20, 2014 8:29 am
Claire, if you cannot comfortably afford it, the calculation is incorrect and must be a mistake.

Foggy is quite right, get them to show you the calculations immediately.

Then tell us!

And who are you with?
One pay-cheque away from oblivion!
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