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Estel
- Posts: 7
- Joined: Tue Nov 09, 2010 6:41 pm
- Location:
Hi there - I've been waiting for a credit's meeting for a few months owing to a delay in getting settlement figures from some of my creditors.
After 2 years of being out of work since redundancy my wife has just been offered a job, quite a good one.
What I'm worried about now is that, as she's found work and our household income will go up dramatically (even after childcare) that I may be refused an IVA because of this? She should be bringing home £2,700(?) a month, childcare will be £1,500 or so.
Obviously, if the IVA is granted I understand that my payments will increase significantly now she's working.
Debts are in my name alone.
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ginger3232
- Posts: 2610
- Joined: Tue Jan 11, 2011 4:06 pm
- Location: United Kingdom
Estel - No it should not affect you getting an iVA - however if your entering joint debt into the iVA - you wife is likely to be persuded for the liability of the whole debt.
Depends on how you IP has worked out the income - it may be seen that your wife could contribute more to household income - hence creditors get more.
If in doubt speak to your IP or look closely at your proposals
