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both my wife and I have just sent back our income and expenditure sheet for the review and due to my wife being involved in a serious road accident a month after the start of the IVA which left her losing one of her jobs we have had to reduce our payments.However we have been in constant contact with the Payplan Partnership who have been aware of our situation and we have been able to make all our payments apart from two.they stated before the review not to worry we can extend the plan.The review has been completed and they sent a letter stating that due to the surplus income not increasing the need for the payments to not increase remains in force hence the total of £255.I only found out today after receiving a call from them that what they meant was the payments that were to increase to £455 from june 2007 for the 2nd year to remain.I stated that after all the calls and emails that payplan has ignored the fact that our income has reduced.they have now asked us to write in with a copy of our income expenditure sheet with the reasons for the the reduction and they will then write to the creditors for another meeting which of course they may turn down the new proposals....it is a bit of a concern seeing as payplan have made us feel along after my wifes accident that things were on course and not to worry
any advice would be grateful thank you forum

I hope the above dint waffle on too much just need some advice it appears that maybe we can get a variation on the iva thanks forum

Hi tom

It seems as if your IP has now taken the points you have raised on board and is to call an appropriate creditors meeting to see if they will accept a reduction in your contributions. Leave this in their hands, and good luck for a successful outcome.

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

dear melanie - we have today set out our proposals for the remaining four years and with commitments like my car HP finishing and our rent arrears coming to an end we can pay all the amount due under the IVA but will be short of £355 at the end....
you have inspired my wife and I to face this head on...and we do now feel happy to have this variation because in the end it doesnt look much different thank you paul

Thank you Tom - comments like yours are a real treat to receive. I am glad that you are finding the forum useful.

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