Hi I have recently completed payment 72 of my Iva . I thought that was the end of it. Im now told I need to send in a p60 - I was advised that in my final year months 60 -72 I could earn more without having to pay any extra in effect it was mine to keep . However is this not the case normally ? If it's found that I haven't declared it and have had surplus money will
My Iva fail or will it be extended again ! HELP - feeling worried
If you brought in enough from contributions to cover the equity you may be okay. Alternatively, if you have any evidence of what was told to you in writing that would help or ask to hear recordings of your conversations.
Hi .. no, it is not the case that extra income in the final year is exempt -- who told you this ? If it was your provider, do you have it in writing?
In theory not declaring extra income is a breach. In the circumstances, especially if you can prove this was "legitimate" ( if incorrect) advice from your provider, they should allow you to repay any arrears by further extension to correct the breach.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
