www.iva.co.uk

Hi,

First post in the forum. I'm Si, 26. I took out an IVA earlier this year following 4 years of hell fighting off creditors from debt gathered in my student years. No surprise there's a banking crisis when banks were giving naive 21 year olds with minimal income £10,000 credit cards for fun. How I've learnt my lesson, and grown up. I can see the road the freedom though, thanks to the great posts on this forum and the helpful service at PayPlan.

Anyway, I currently live alone but plan to marry next year. Should this be declared? As far as I'm aware I am the one liable and not my future wife. I do not want to enrol her into my mistakes. I understand that my income/expenditure will naturally change should we live together, and will have to be declared. I just want to be sure.

Cheers - another note of thanks, these forums are a supporting voice when you think you're all alone in this situation!

Si

Hi there Si and welcome to the forum....isn't it great to know you're not alone [;)]

You will have to tell your IP when you get married, as any change in circumstances needs to be declared. Rememebr your expenses will increase with your new wife moving in! As long as your wife is paying her way towards the household then her income is her own business.

Thanks, what I though, just needed to be sure!

As long as I can keep my wife anon during the process, but simply do my duty in declaring the fact I'm married, and recalculating the I&E, I'm happy.

Thanks again,
Simon

Hi and welcome
You should inform your IP of any changes, the only difference will be that your expenditure may change as two can generally live cheaper than one. Your new wife will not have to pay towards your debts, creditors will just want to be sure taht you are both paying a fair share of the household expenses
Regards

Good luck Si, hope it all works out ok for you.

Oh and congrats on your forthcoming wedding [:)]

Thanks, guys. Can't wait - I'm a lucky man!

Congratulations from me as well xxx

How nice to see a gentleman looking forward to getting married for a change! Best of luck with all of it - and don't worry about the IVA, and it will not affect your lady in the slightest.

don't mean to hijack, but out of interest, what is considered a fair share of the bills?

The same percentage as the individual earning ratios.

Thanks Melanie,

..and very rude of me, congratulations Si.