Will my mums IVA payments change greatly?

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kate676

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Post by kate676 » Mon Sep 09, 2019 8:27 am
Hi my mum is in an IVA for three 3 years now with CF and they have just asked for her p60 and pay slips and bank statements etc from her and my dad.. they started the IVAs when my dad was on the sick with his back operation. She is concerned now that things will change a great deal as he is back in work plus she gets her pension.. will things change greatly?

kallis3

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Post by kallis3 » Mon Sep 09, 2019 8:44 am
You will need to do a new I&E - it may well be that your payments go up but you need to speak to CF.
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 » Mon Sep 09, 2019 9:15 am
Is it just mum in the IVA or has dad got one as well ? Around half of any increase in her income, if she is the only one in the IVA, will be added to her payment --- there might be some arrears to catch up. Dad's increase, if he is not in an IVA as well, will increase his share towards household expenses and might increase mum's payment a little.
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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