What effect will marriage and children have in my IVA repayments ?

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Jamie.jk

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Post by Jamie.jk » Tue Feb 19, 2013 8:49 am
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What effect will marriage and children have in my iva repayments?
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orchid5

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Post by orchid5 » Tue Feb 19, 2013 8:59 am
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Hi jamie, i'm assuming that your outgoings will increase due to more food etc, it might be you will have to submit a new income and expenditure to your ip. Hopefully an expert will be along at some point today and will give you a better idea, good luck.
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.

IVA COMPLETED August 2012, received Completion certificate 18.4.13.
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Foggy

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Post by Foggy » Tue Feb 19, 2013 4:27 pm
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Hi Jamie. As Orchid says, your expenses will need to be re-adjusted, but, also, if your new partner has an income, then some of your expenses will be viewed as shared. At the end of the day a new I&E will need to be prepared.
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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Shining

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Post by Shining » Tue Feb 19, 2013 5:36 pm
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I agree with the others and take advice from your IP. All the best.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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