I live with my partner and 2 children, and my debt is in my name only.
I work 30 hours, we also receive tax credits and my partner is currently unemployed as he looks after the children.
My youngest child is starting school in September and my partner is looking to hopefully find a job.
my question is: will my partners income have to be paid into my IVA? I was told when signing up that it would never effect him but this seems too good to be true! I would be grateful if someone could kindly clarify this for me. Thank you
Foggy wrote:The vast majority of IVA's are based on the insolvent spouses income only and the solvent spouses income is just used to calculate a fair share of household expenses. If the solvent spouses income is not declared they will assume a 50/50 split. I only know of one firm that takes both incomes into the IVA payment when only one partner is in the arrangement
Thank you for your help
Who is onlineUsers browsing this forum: No registered users and 15 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location