I have earned more than I have advised. Will I be required to make payment or will IVA fail ?

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Lynsey.k

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Post by Lynsey.k » Sun Sep 27, 2015 6:09 pm
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I have earned more than I have advised. Will I be required to make payment or will IVA fail ?
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kallis3

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Post by kallis3 » Sun Sep 27, 2015 6:28 pm
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Hi and welcome,

Can you just explain a little more? A percentage of anything extra earned may need to be paid over but you need to speak to your IP about this.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Shining

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Post by Shining » Sun Sep 27, 2015 9:51 pm
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Hello and welcome.

If you've earned more have a look at your paperwork as it should explain in there. Or for clarification do contact your IP.

It's best to send any extra in monthly as I did and then that way no surprises at review time.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Lisa Thomas

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Post by Lisa Thomas » Mon Sep 28, 2015 4:13 pm
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You might fail your IVA if you have not been declaring your full position. Do you mean you earned more than you originally estimated?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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