How will the IP, creditors view transferring 10% of my wife's personal allowance to me ?

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N.K

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Post by N.K » Sat Mar 21, 2015 12:00 pm
How will the IP, creditors view the following. We are both in an IVA, i work full time and my wife is a full time house person. Can my my transfer 10% of her personal allowance to me and we will be slightly better off.
 
 

lifenoteasy

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Post by lifenoteasy » Sat Mar 21, 2015 12:05 pm
Wouldnt that mean you have more disposable income and therefore pay more?
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.
 
 

Foggy

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Post by Foggy » Sat Mar 21, 2015 12:42 pm
As lifenoteasy says, an increase in your disposable income will mean an increase in payments into the IVA, but you should get to keep 50% of the increase.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Bowman

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Post by Bowman » Sat Mar 21, 2015 12:51 pm
the additional monies is £212.00 per annum, so creditors will receive an extra £10 per month.
 
 

Foggy

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Post by Foggy » Sat Mar 21, 2015 12:58 pm
.......which could well be eaten up in increases in general expenditure at review, so you would be a bit better off. And, of course, going forward after the IVA you will be even better off (every little does help ! ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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