www.iva.co.uk

hi everyone,
i wondered if anyone has come across this situation before.

i was completely straight with my partner regarding my IVA. ive put off telling him for 18months and he was completely fine and understanding.

in fact he has brought me a car, as he knew i was sruggling to get back and forth to work (as i am based in the middle of nowhere). i have spoken to my IP and he advised that i am allowed to buy a car. the only things is i have to insure and tax this myself. i have just received a bonus of £300 at work. my first insurance payment is £124 and my tax is £115. I spoke to my IP but i didnt understand what he was saying when he told me the IVA allows for tax and insurance??? i dont have any spare monies at the end of each month, so i am confused how i am going to be able to pay for this. can somehting please advise? do you think as long as i prove im paying for these items i can keep my bonus? Many thanks

Hi rl


Review your IVA document, and I am sure that you will find an allownace for car tax and insurance within the income and expenditure section. Did you have a car at the time the IVA was taken out? If so all expenditure relating to the running of your car ought to have been provided for.

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