Will my monthly payments be affected by my partners wage increase ?

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danny
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by danny » Thu Mar 23, 2017 7:25 pm
My partners income is due to Increase by 252 a month in July. Will this affect my iva I am currently paying 270 a month
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danny
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by danny » Thu Mar 23, 2017 7:35 pm
i was wondering what happens when my partners wage increases in july . she will be on 252 a month more , will this affect any of my monthly payments
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Foggy
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by Foggy » Thu Mar 23, 2017 8:00 pm
If you are not with Payplan they should not --- if anything they might add a few quid to your disposable income as she can be considered to be able to take on a higher percentage of househiold expenses. However, in many cases, the solvent spouses income isn't factored in once the initial ratio of expenses has been established. This is also assuming you are in the IVA and she is not in one also.
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Foggy
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by Foggy » Thu Mar 23, 2017 8:07 pm
duplicate topics merged.
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Michael Peoples
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by Michael Peoples » Fri Mar 24, 2017 10:16 am
If your partner is not in the IVA and your IP did not have details of her earnings then he/she would have assumed a 50/50 split of the bills. Your partner's earnings are hers to keep so possibly your IVA payments are not affected. It depends on who you are with and what was done at the time of the IVA.
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