Do I still have to declare any overtime or bonuses to my IP?

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Post by BAXBEV » Wed Aug 28, 2019 11:07 am
Just paid my last payment on my 5 year IVA, i have 4 more month payment to make for addition income received last year (i have had my annual review)
whilst i am paying these last 4 payment for additional income will i have to declare overtime or bonus etc as i have had to do in the past or not or does it not matter now ?


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Post by Foggy » Wed Aug 28, 2019 11:14 am
In theory you are still in the IVA and making payments. These last four should not be treated any differently to all the others. However, your IP might just see them as arrears and be happy to ignore any extra income .... I would check with him / her first.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by luluj » Wed Aug 28, 2019 5:54 pm
Basically yes ... whilst you await final completion confirmation it's important you continue to apply the rules of your iva
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