www.iva.co.uk

Posted: **Tue Jul 29, 2008 2:01 am**

i HAVE HAD AN IVA FOR JUST OVER A YEAR - I WAS ASKED BY MY ADMINISTRATOR TO PRODUCE NEW REVENUE /COST FIGURES.
I was very honest and offered to pay 10%more - they did not reply but have now been told I have to pay the extra 10%.
As they did not bother to reply/vote on my proposal - I feel why shouyld I pay them more? - Is there a legal point here ?

Posted: **Tue Jul 29, 2008 2:45 am**

Hey cap, please hang in there and an expert will be along to answer that for you. X

Posted: **Tue Jul 29, 2008 6:43 am**

I'm not absolutely sure, but I would think that as you offered to pay 10% extra, and can obviously afford to do so, that this reply now constitutes the result of your yearly review.

One of the experts will be along soon.

Posted: **Tue Jul 29, 2008 6:53 am**

Remember the Ip must be fair to both you and the creditors and if you offered 10% more then you will have to pay it.

Posted: **Tue Jul 29, 2008 7:08 am**

Hi Cap, if your income/expenses have changed so that you are able to pay more then your IP has a duty to increase payments. If your expenses have since changed then you can ask for another review.