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Claire.p
Posts: 1 Joined: 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
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
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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
Posts: 532 Joined: Tue Jul 02, 2013 9:53 pm
Location: United Kingdom
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!