I am wanting to move back in with my parents. How would this affect my father's IVA ?

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Lynsey.91

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Post by Lynsey.91 » Sat Jan 30, 2016 5:54 pm
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My father currently has an IVA, I am wanting to move back in with my parents, how would this affect his IVA?
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Adam Davies

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Post by Adam Davies » Sat Jan 30, 2016 7:14 pm
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Hi and welcome

If you make a contribution towards household bills then it may increase his monthly payments as his disposable income will increase

Hope this helps

Regards
Andam Davies
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Lisa Thomas

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Post by Lisa Thomas » Mon Feb 01, 2016 11:01 am
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Will you be paying rent? If your rent roughly matches the additional expenditure then it shouldn't affect his IVA.

As Andy says his contributions may have to go up to reflect the situation if it results in him being better off.
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
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