I’m a key worker

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1

john615

User avatar
Posts: 3
Joined: Sat Jan 20, 2018 9:07 am

Post by john615 » Sat Mar 21, 2020 10:14 pm
Hello i have been in my iva for five years seven months and work as a supermarket replenshiment driver for a leading supermarket chain .I have five payment remaining the next two wages could be significantly higher than i have been payed before in may and june .if im forced to self isolate i will get full pay sick pay im due a 10% bonus on wages erned from march 6th through to may 7.At work it is now possible if im required to work overtime(my employer as activated clause in employment because of national ermergency in supply and says im now a key worker)car is broken needs expensive repair possible will get anouther bonus in july but this will be a percentage of annual wage do not want iva to fail need car to get to work .Do i need to talk to my ip.Will i have to pay all into iva .But need some of extra to get car back on road as priorty to keep in job .ps when started iva didnt think this situation could hapen.

Foggy

User avatar
Forum Expert
Posts: 30472
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Mar 22, 2020 8:59 am
As per the agreed terms around half of the overtime and bonus would be due to be paid to the IP. In these unprecidented times it is certainly worth having a chat with your IP. They could allow you to retain enough for the repairs and repay it by extending the IVA to cover the arrears. They could allow a payment break of regular payments and add those on the end of the term. Much will depend on the figures involved, of course, but do speak to them --- at worst your repairs will be covered by the half you get to keep.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

luluj

User avatar
Forum Expert
Posts: 10779
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Tue Mar 24, 2020 7:15 pm
Can i just say you are doing a great job for our country ...thank you !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”