If I move in with my partner, will her income be taken into account for my IVA ?

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Jay.12

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Post by Jay.12 » Tue Nov 17, 2015 1:59 pm
I currently live alone but my house is going to repossessed. I have the option of moving in with my partner and her 4 children but her finances are finely balanced as it is. I am currently in an iva. Would her income be taken into account when recalculating my income and expenditure for my iva if I was to move in with her? I don't want my debts to cause her or her kids to miss out on things
 
 

Michael Peoples

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Post by Michael Peoples » Tue Nov 17, 2015 2:29 pm
You will need to do a new I&E when you move but if you treated effectively as a lodger then this should be easiest. Bear in mind that your moving in could impact on her tax credit so a full domestic I&E may be needed in this case to ensure affordability. She should not have to pay anything towards your IVA.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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