Partners income

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cowpie

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Post by cowpie » Thu Feb 04, 2016 1:57 pm
Hi

I am 2 years into my single IVA.

My review is due soon. My salaray has remained more or less the same but my partner's has increased.

My question is can my practitioner ask for evidence of my partner's income ?

Thanks in advance
 
 

kallis3

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Post by kallis3 » Thu Feb 04, 2016 2:04 pm
Hi and welcome,

Your IP will just want to know that your partner is paying their fair share into the household expenses.
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.
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cowpie

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Post by cowpie » Thu Feb 04, 2016 2:10 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kallis3

Hi and welcome,

Your IP will just want to know that your partner is paying their fair share into the household expenses.
Thanks for your response

So if I don't state on the income/expenditure that her salary has increased it should be ok ?
 
 

kallis3

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Post by kallis3 » Thu Feb 04, 2016 2:16 pm
As far as I am aware then her salary is her own but she does need to make her fair share of the payments.

Payplan do tend to take all of the household income into account - don't know who you are with.
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
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Feb 04, 2016 3:05 pm
They will assume a 50:50 split if you don't disclose/prove that the split is different. This would only really affect you in a negative way if she paid less than 50% contribution
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

cowpie

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Post by cowpie » Thu Feb 04, 2016 3:15 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Lisa Thomas

They will assume a 50:50 split if you don't disclose/prove that the split is different. This would only really affect you in a negative way if she paid less than 50% contribution
Thank you for replying.

My initial question doesn't seem to have been answered though. Can my practitioner request evidence of my partner's income ?
 
 

cowpie

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Post by cowpie » Thu Feb 04, 2016 3:22 pm
Just to reiterate this is not a joint IVA
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Feb 04, 2016 3:36 pm
Sorry - They can request it but your partner does not have to provide it.

If they do not provide it they will presume 50:50 split.
Last edited by Lisa Thomas on Thu Feb 04, 2016 3:36 pm, edited 1 time in total.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Thu Feb 04, 2016 4:04 pm
To be honest Lisa - Payplan are well known for taking the whole household expenditure into account.
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
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Feb 04, 2016 4:31 pm
as in presuming the partner pays 100%? or the debtor?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Thu Feb 04, 2016 4:47 pm
No, they are known to take into account the whole household income when sorting out the disposable income.
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
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Feb 04, 2016 5:06 pm
Then that would work in the debtors favour...
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

lifenoteasy

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Post by lifenoteasy » Thu Feb 04, 2016 5:16 pm
Nope - because the way it works is that all disposable income in the family is taken into the IVA.

The partner who is not in the IVA has been known to end up contributing most of their income.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

cowpie

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Post by cowpie » Thu Feb 04, 2016 5:25 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lifenoteasy

Nope - because the way it works is that all disposable income in the family is taken into the IVA.

The partner who is not in the IVA has been known to end up contributing most of their income.


But how would they know that my partner's income had increased ?
 
 

lifenoteasy

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Post by lifenoteasy » Thu Feb 04, 2016 5:35 pm
It shouldn't matter - if your partner does not wish to disclose their income the predimption is a 50 50 split of bills.

There are ways it could work in your favour.

The discussion around Payplan is because we know they try and do it a different way which releases more money to creditors.

Foggy once stated that they said that if they could they would take adult children's income living at home into the iva.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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