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Christine.92
- Posts: 2
- Joined: Mon Jun 21, 2010 8:57 pm
i have an iva at the moment which is due to finish in march 2011.I was paying this at £200 per month till i was made redundant 4 weeks ago. My redundancy was £7000 = £2600 in lieu of notice this included and ex gratia payment of £672. I still had 10 months @£200 to finish the iva and offered to pay this upfront from my redundancy as I am 60 and did not know if I would find another job in the current economic climate. This was accepted plus an ex gratia payment of £672 which I was paid by my company on top of my redundancy. I sent off a check for £2672 and was told the iva would still be held open till March 2011 just incase I came into any money. I have now been offered a job with a wage of approximately £200 per week. How will this affect my iva. Is my iva paid off or does that change now I have another job?
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GettingHelp
- Posts: 155
- Joined: Fri Jan 15, 2010 12:09 pm
- Location:
Hi Christine, welcome to the forum, unfortunately i do not know the answer to your question but I am sure one of our professionals will be along shortly.
IVA APPROVED
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
Hi
Will you have any suplus money once you pay for your living expenses ?
Regards
Andam Davies
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Christine.92
- Posts: 2
- Joined: Mon Jun 21, 2010 8:57 pm
Andy Davie wrote:
Hi
Will you have any suplus money once you pay for your living expenses ?
Regards
i will be in the exact same position i was in before i was made redundant and paying the £200 monthly. but i paid this for the next 10 months along with the xgratia payment of £672 I received so will they still expect me to start paying this £200 monthly again?
