IVA company have asked to see my partners proof of income. She is concerned.

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paul387
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by paul387 » Sun Feb 11, 2018 4:50 pm
Hi, I've spoken to an IVA company and they have asked to see my partners proof of income? She is concerned that she will be tagged to my debt and that this will affect her in any way. Is this the case?
Thanks
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Foggy
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by Foggy » Sun Feb 11, 2018 5:10 pm
It depends on which company you are speaking with. In most cases the IP will need to see the solvent partner's income to calculate the fair share of household expenses. She is quite entitled to refuse, in which case they assume a 50 / 50 split. Payplan, however, and there might be others, tend to work on household income to arrive at an IVA payment, which could see some of the solvent partner's income being used.
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luluj
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by luluj » Sun Feb 11, 2018 5:21 pm
Agree with foggy - its a process that needs to be done to calculate your iva payment - she has no need to worry
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