georgie,
As I understand it and please someone correct me if I am wrong is that the creditors / IP will look at your total wage the £1000, not after you have paid your debts (£400), and work out the percentages, once that is done you might find you do have enough over to pay your parents, but they will not exempt your debt payments from the calculation unless they are secured debts.
Last edited by Pandy on Thu May 26, 2011 5:57 pm, edited 1 time in total.
If life is what you make it, I must have been in a strange mood when I made mine
If george has nothing to do with the debts, which it sounds as though she hasn't, then her payments to creditors should be her own to deal with if she can afford them.
If she has not benefited from these debts then she shouldn't be punished for them.
That's my understanding but I could be wrong.
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
hi, you'll feel better once you talk to someone. we spoke to Tina who works on Melanie Giles' team, there's a link at the bottom of Tina's post to Mel's team.
you should talk to more than 1,we did,there would be no pressure from Mel's team. if you go to the link www.iva.com/iva it has Insolvency Practitioner's along the top of the page,click on that,it'll drop a list down, Mel's reviews are there along with many others.
other firms i've seen on here are McCambridge&Payplan,can't think who else at the mo.
i'm sure others would post who they used & feedback.
good luck x
Nothing stays the same...everything changes..hang on in there!
Yes, but wont the creditors need to make sure she is paying the same wage% as her hubby into the household expenses and after that her money is her own. I thought that was how household income for only one person of a couple in an IVA was worked out. % of income to bills, so if they both earned the same 50/50 but then is she earned 1/2 of his amount 75/25 etc.
If life is what you make it, I must have been in a strange mood when I made mine
It is all about paying your fair share into the household, however if george has not been a party to these debts, then why should she be penalised?
I am sure that she will be able to continue paying her parents back.
Hopefully Mel will be on later to advise.
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
I was under the impression that Georgie should be able to pay her own debts, especially as in this case both party's debts are from before they met so neither of them have any benefit from the other debts.
Hopefully one of the experts will be able to confirm.
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
OK thanks guys for correcting me, I just was remembering someone on here a few weeks ago questioning about why his wifes payrise was taken into acouunt when she wasn't in his IVA and everyone saying it was because of the % per income / houshold expenses etc
If life is what you make it, I must have been in a strange mood when I made mine
I remember that post Pandy and I absolutely get where you are coming from and I haven't a clue how they work out who contributes what but I would still think that georgie should be allowed to retain enough income to service her debts. It's all a bit complicated for me.
So long as Georgie has sufficient disposable income of her own to pay her parent's loan then this should continue along with any other creditor commitments she has. It is only when her own disposable income has absorbed her own debts, that it may be possible for her husband's creditors to want her surplys including - but if I were here I would fight that all the way if she has received no benefit from her husband's debts.
