Declaring wife's earnings

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ray428

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Post by ray428 » Wed Aug 14, 2019 7:58 pm
do.i.have.to.declare.my.partners.earnings.during.annual.IVA.review?

Foggy

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Post by Foggy » Wed Aug 14, 2019 8:24 pm
No -- if the IVA is only in your name -- her finances are her own business. However, without knowing her income, compared to yours, thay cannot calculate her share of household expenses and will assumer they are split 50/50.

But, if her income was divulged and used when the IVA started, they may insist they get those details now or will be wondering why the change of heart.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

ray428

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Post by ray428 » Thu Aug 15, 2019 1:59 pm
can.they.demand.to.see.my.partners.wageslip?

kallis3

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Post by kallis3 » Thu Aug 15, 2019 2:03 pm
I don't think so - but, as Foggy says they may want to know why and will assume household expenses are split 50/50
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

Foggy

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Post by Foggy » Thu Aug 15, 2019 2:27 pm
There is no definitive answer. Your wife's finances are her concern and she is free to keep them to herself. However, you have agreed to comply with any reasonable request that the IP makes and the IVA could be failed for not complying to a 'reasonable request'. What constitutes 'reasonable' though?

As said before, it has always been the case thus far that the solvent partner does not have to provide details and in that case expenses are assumed to be 50 / 50. But if an IP decided to push the point it would, at the end of the day, fall to a court to decide. Very unlikely to come to that point, but we could not, hand on heart, say it would never happen.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Thu Aug 15, 2019 3:39 pm
Just a point - why are you putting a full stop after every word on your posts?
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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