Does the partner of person in IVA need to prove income?

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celestine

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Post by celestine » Wed Dec 18, 2019 2:37 pm
Hi there,

Will the partner of the IVA need to submit they income?

Foggy

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Post by Foggy » Wed Dec 18, 2019 2:41 pm
Generally, yes, but only to work out their fair share of household expenses. Otherwise the IP will assume a 50/50 split. Some firms like to try to include spousal income in the IVA (Payplan used to do this, I am not sure if they still do).

I might add that solvent spouse is quite entitled to their privacy if they do not wish to share the information.
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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