Hi all
Can you please advise, if I manage to secure a nominal maintenance payment from my ex for my children and this is paid into bank accounts for them (eg for activities, school trips) will this be classified as additional income to me and my I&E adjusted?
IVA approved 18th Sept 2010!!
"There is nothing that is a more certain sign of insanity, than to do the same thing over and over and expect the results to differ" Einstein
Not sure how this is classed - I would speak to your IP about it.
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
Be best to await an experts opinion on this -- but if the accounts the money is being paid into are in the children's names it is their money. If it is going into one of your accounts it is your income. However you should be able to offset much ( if not all ) of it in your expenditure.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Something that needs to be sorted out with the IP I think.
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
Child maintenance received from your ex-partner will be treated as income for the purpose of calculating your disposable income - but don't let this put you off collecting the money as it should be paid across to you by way of obligation.
The ex wants me to agree to claiming no maintenance fo 4 years in order to cancel out his share of the equity in our home (which is annoying since he never made a mortgage contribution in the 10 years we were together which is probably why i'm on an iva and he is not!)
The kids want to do dance classes and music lessons which I cant really afford out of my current budget, so I was hoping he could foot the bill for their lessons. It will be another 8 months until annual review.
IVA approved 18th Sept 2010!!
"There is nothing that is a more certain sign of insanity, than to do the same thing over and over and expect the results to differ" Einstein
Can you ask their father to pay for these activities direct to the dance school etc? That way he is paying for his children to go to their classes and financially it doesn't have anything to do with you.
That's a good idea, at least the kids could do their activities and you don't have to worry about finding any money for it.
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
I would agree that it would be best for the ex to pay for these items directly. However, it may have been a condition of the original IVA that Natmac seeks maintenance and if this is the case she would need to proceed in line with the modifications.
