Just a clarification on earnings, I have searched on other topics but couldnt see a definitve answer, especially to Q2..
(q1)Would would happen in the following case...
Start IVA then 6 months later, pay rise, does the new rise go 50/50 share until next review in 6 months, or do i get to keep 50% of ALL payrises until 5 years is up?
or at the next review do i lose all this 50/50 split and start with a new payment level every month, effectively getting nothing extra?
(Q2) If my payment goes due to a payrise, say from 100 to 350 a month, then goes down (for a lob change) to 100 again, will the IVA fail due to a loss of 250 a month or will the IP and creditors just be happy the had an extra 250 each month for a while?
If you subsequently lose the rise, in theory, you should revert to the originally agreed payment (although getting a reduction is harder work than getting an increase !! )
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