I am currently in an iva for the past 14 months. Ihave just had my annual review and my IP as combined my wages for the past 6 months and taken an average salary as my income.
This salary included overtime (which isn't guaranteed)during my the past couple of months my partner has been made redundant so I am keeping the bills paid with no supporting salary.
My question is can the IP dothis with overtime tomake up the money i have lost in income to still take the payment?
You should point out that overall with the loss of your partners income your net disposable is less - he/she should take that into account as your partner contributed to the household expenses wchich she is not now doing.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
