A little complicated

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MARK1882

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Post by MARK1882 » Fri Aug 08, 2008 5:05 pm
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Any answers on this one. Looking at
going into IVA shortly. Our son is
disabled & receives DLA. However, he
is only 8 so the money is payed through
us to care for is needs. Is this money
calculated into the IVA.
Keep smiling. It could be worse.
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Viki.W

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Post by Viki.W » Fri Aug 08, 2008 5:09 pm
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Hey Mark, it is listed in your income but it is also listed in your expenditure so it won't go towards your disposable income.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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Wizzard

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Post by Wizzard » Fri Aug 08, 2008 5:10 pm
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Hi Mark

It is taken into your income/expenditure report but if I remember it correctly it is covered by both income and expenditure so it cancels itself out. I may be wrong on this but an expert will be along with a more definitive answer soon]
Last edited by Wizzard on Fri Aug 08, 2008 5:11 pm, edited 1 time in total.
When I was young I was called a rugged individualist
When I was in my fifties I was considered eccentric
Here I am doing and saying the same things I did back then and now I'm labelled senile
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MelanieGiles

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Post by MelanieGiles » Fri Aug 08, 2008 6:22 pm
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Mark

You need to ensure that all of your son's needs are properly provided for by using the DLA money, so that no surplus is used in the calculation of your disposable income which is payable to creditors.
Regards, Melanie Giles, Insolvency Practitioner
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