How can it be that payments are to be increased whilst earnings have decreased ?

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Kirsty.y

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Post by Kirsty.y » Fri Jan 23, 2015 11:33 pm
Hiya

My other half is in an IVA, about 3 years in I think. He has just had his annual review and they want to increase his payments from £280 to £360 due to an increase in wages. However from looking at his payslips he has currently earnt £3000 less so far this tax year than he had in jan 2014. I have compared as many payslips as I can and he is earning less every month not more. Is it right that his payments have increased?
 
 

Michael Peoples

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Post by Michael Peoples » Sat Jan 24, 2015 2:01 am
This sounds odd. Either his wages went up or they didn't but if yours went up some of the bank funded debt charities will penalise him. Who is the IP firm?
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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