www.iva.co.uk

i understand i have to pay 50% of any extra monies i receive.i am happy to do this but what is classed as extra,do they class child benefit as an extra.this is the one i am not sure about.i have been keeping money aside which came from overtime etc but not from benefits
thanks for you help

Welcome to the forum.

Are you taliking about IVA or bankruptcy as there seem to be some differences in the way child benefit is handled .

In BR Chb is not counted as part of your income.

Cheers
Mish

An increase in child benefit is not classed as income for the purpose of calculating 50% uplifts.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Hi
Presuming that child benefit was included in your income that was declared on your I+E form for your IVA then when you update those details,at your annual review,you will include any increase in your new income figures
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

thank you very much for the replies
i should have stated clearly that it was an iva i was in and not br.
the child benefits were declared in the original income & expenditure
i was just concerned that if it was classed as an extra income i was not putting half of it away, and would end up with a large bill at review time
once again thank you

billy