Will they take all my rise off us if I move jobs?

3 posts Page 1 of 1
Post Reply
 
 

h.d

User avatar
Posts: 1
Joined: Thu Feb 28, 2008 9:53 am
Location:
Post by h.d » Thu Feb 28, 2008 9:54 am
Quote
I am currently looking for another job and our IVA review is due in July. I know of another job that pays about £6000 pa more but we have seriously struggled on our first years payments. Will they take all my rise off us if I move jobs?
Top
 
 

ianmillington

User avatar
Posts: 1331
Joined: Thu Jan 24, 2008 5:07 pm
Location: United Kingdom
Post by ianmillington » Thu Feb 28, 2008 10:04 am
Quote
Have a look at your proposal and chairmans report and let us know what they say. The general principle should be that the creditors share in your success rather than take it all from you, otherwise what's the point in self improvement? If you change jobs will it alter anything else e.g result in increases in the cost of getting to work?

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu Feb 28, 2008 11:48 am
Quote
If you are taking a new job with an increased salary, it will be appropriate for the Supervisor to conduct a full review of your income and expenditure and therefore adjust the "baseline" for any 50% uplift requirements.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “postings for february”