Will parents income be included in assessment for IVA?

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fire1

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Post by fire1 » Fri Nov 19, 2010 7:28 pm
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hi
im living at my parents, will there income be
included in a assessment for my iva.
so worried about the debt im in,any help would be appreciated.
me
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kallis3

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Post by kallis3 » Fri Nov 19, 2010 7:36 pm
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Hi, and welcome to the forum.

Unless your parents are involved in any of your finances then their income won't be included.

If you have not yet contacted any firms then I recommend that you visit www.iva.com for a list of companies and reviews. Give one or to of them a ring for free and impartial advice.
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
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MelanieGiles

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Post by MelanieGiles » Sat Nov 20, 2010 1:11 am
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Are you paying rent to your parents, and is it feasible that you can continue to live at home for the next five years if you enter into an IVA?
Regards, Melanie Giles, Insolvency Practitioner
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MP1965

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Post by MP1965 » Sat Nov 20, 2010 8:50 am
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I lived with parents during my IVA & they were not involved & knew nothing at all about my situation.

All I had to do was provide a letter signed by me stating how much rent I paid to them.
** IVA Completed **
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