moving in together even marriage!!

[nicegirl]

Hello
this is my first time!!
I was a single parent when I took out my Iva 2006. I ahve met someone recently and we are talking about moving in together even marriage!! How would this affect my IVA we would get more money each month etc

[MelanieGiles]

Hi nicegirl and welcome to the forum

Congratulations on your recent find!!!

If you do move in with your new partner, you may need to reassess your income and expenditure depending upon what arrangements you come to with regard to paying towards the shared bills. Generally it is usual to pay towards household bills in the same ratio as your earnings, so if you earn 40% of the combined income, you should pay the same percentage towards the bills. This may therefore leave you with a larger disposable income which may result in your IVA payments being increased.

Do discuss the implications of this with your IP who will be able to give you specific advice, and good luck!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva_squirrel]

Hi nicegirl and welcome,

Your IVA shouldn't affect your partner.
You will have to complete another income/expenditure report as there is more money coming in and higher expenses.

All the best!
Regards,
Michelle P.