www.iva.co.uk

My partner is coming to the end of his IVA but has received a letter regarding outstanding amounts. It transpires that through bonus', overtime and a salary increase, he has earnt 10,000 extra in the last year. £5000 of which needs to go into the IVA which we understand, but of course do not have 5000 to give in a lump sum, does someone know what our options are with this? Do we have any? Can the IVA be extended?

This will probably require a variation as the money is usually due to be paid within 14 days of receipt. An extension may be an option but creditors will almost certainly want to know what happened the additional funds. Hopefully it will be fine so speak to your IP and see what they say.