Hi, I work in sales and my husband does a lot of overtime. Would any of my commission and his overtime need to be paid into the income payment agreement like it does into an IVA or are the payments fixed? Thanks for any help!
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Is there any reason why you want to fail your IVA? How long have you been in it?
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
We've been in it 4 years and have 2 to go. We should have gone bankrupt in the first place as we are in negative equity (after the IVA we would still owe £35k over our mortgage on our property through a long term secured loan). We are also struggling with nursery fees. We're paying the lowest we can pay on our IVA.
I would seriously reconsider letting it fail. You have come so far and if you went bankrupt then the six years would start all over again, you would be subject to an IPA for three years for all disposable income if it is above £20 per month.
If you are struggling then please speak to your IP to see if there is a way forwsrd.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Hi,I work in sales and my husband does a lot of overtime
Posted - 02 January 2014 : 13:12:32
