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Hello. I am Ed, a Solicitor qualified in England & Wales with over a decade’s experience in the legal profession advising clients.
I specialise in Commercial Contracts, Business Transactions, Employment, Dispute Resolution, Personal Injury and Road Traffic Law and shall be reviewing your legal problem today.
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Hi I'm just about to complete an Iva
I've had to submit my last and final financial review
Due to an oversight on my part the P60 I submitted shows a considerable amount more than expected amount almost double my earnings
I'm concerned about the impact this may have on the completion of the Iva
It should not make a difference to the IVA has the amounts that you are to repay to your creditors have already been agreed.
However, if you have any concerns, then you should raise them with your IVA Arranger who will be able to advise fully.
I hope this resolves your enquiry. Please revert to me if you require any clarification of my answer to your question and I shall be delighted to assist.
Otherwise, I shall be grateful if you will please mark your enquiry as “Closed” and give me a “Positive” rating to conclude this matter.
I can earn 10% over my salary
Anything over 10% they can take 50% from my understanding
My concern is the provider wanting a large some of money to complete
When I took the Iva salary was 23.000
The P60 I submitted 40.500
Depending on the terms of the IVA, it may affect your repayments with such an increase in salary since the IVA was originally agreed.
I have answered your questions as far as I am able to on the Portal. Obviously, there is a limited amount of advice I can give based on a few lines of text on the Just Answer instant messaging Portal. Very often the best I can do is “point you in the right direction” for the sake of seeking more detailed advice.
If you want further bespoke advice, I need to review all relevant correspondence and documents and advise in a telephone call. I will place an offer of a Premium Service Phone Call Request through on the Portal. You may accept or reject it at your leisure.
Otherwise, I shall be grateful if you will please give me a positive rating in order to close this thread.