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Have I got this correct? IVA and self employment
SunshineBear
Posts: 188 Forumite
As we are self employed my IP informed us that we would have a review in 6 months. By then I will have accounts for 2010-2011. Currently we are working on our only availiable accounts which are 2009-2010. It looks likely that my earnings will have increased but by what I wont know untill thay are back from the accountant. As I am self employed some weeks/months are better/worse than others. I intend to 'pay' myself as little as possible (while maintaining the IVA) and then hope to have sufficient in the business acc to increase the IVA payments over the next 12 months untill I have the next set of accounts.
Is this how it works?
Is this how it works?
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Comments
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SB, I would ask your question on the IVA board too x
IVA - Individual Voluntary Arrangement board - Click here"If wishes were horses, then beggars would ride"
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