Does a partners income have to be included in iva

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
 
 

dave_w

User avatar
Posts: 3
Joined: Wed Sep 14, 2005 4:07 pm
Location:

Post by dave_w » Fri Aug 29, 2008 12:02 pm
Does a partners (not married) income have to be included on an IVA?
 
 

kallis3

User avatar
Forum Expert
Posts: 77175
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Aug 29, 2008 12:10 pm
I take that the IVA would be yours alone.

I am not too sure of the answer, but one of the technical experts will pick this up and give you an answer soon.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Julie

User avatar
Posts: 9503
Joined: Thu Feb 14, 2008 10:56 pm
Location: United Kingdom

Post by Julie » Fri Aug 29, 2008 12:13 pm
Hi - I'm assuming the partner lives with you? If so then yes, their income is taken into consideration, just to make sure a fair percentage is being paid towards household costs etc.

I'm not actually in an IVA ( legally) as its all in my hubby's name, but my income has to be declared.

Hope this helps
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Fri Aug 29, 2008 6:22 pm
Hi there

The answer to your question is dependent upon a number of issues - such as how long you have lived together, whether you have any children, what the money you borrowed was actually spent on, and how much each of you contribute to the houseshold bills.

For a more definitive answer it might be sensible to arrange to chat things through with an insolvency practitioner.
Regards, Melanie Giles, Insolvency Practitioner
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”