I may be changing jobs, will there be a problem.

[Phil]

HI
I may be changing jobs,The job I am going for is a manager job(In the same company), which will be more money.
My question is what way will this affect my IVA,Will there be a problem.
Cheers Phil

[jamesfalla]

There will be no problem at all Phil

The only thing to be aware of is that if your income increases after any allowance for additional expenses associated with the new position, you might be asked to increase our IVA payments.

I know we always say this, but you should discuss this with your Supervisor so you can guage exactly what the impact will be if you get the job.

James Falla

Expert in IVA, Bankruptcy and informal Debt Management solutions for over 10 years.

For more information visit www.jamesfalla.com and visit my blog at: http://jamesfalla.blogs.iva.co.uk

[MelanieGiles]

Great advice from James, and do remember not to put your life on hold because it might mean you have to pay more mobey to your creditors. Continue to climb that career ladder, because once your IVA is over the money will be all yours!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Adam Davies]

Phil
Firstly good luck with the new job possibility.
Please let this forum know how your IP deals with the extra income.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[Phil]

Thanks for all your replies really appreciated.I will let you know how I get on with the job Interview and how my IP handles the change in circomstances.
Phil