Just begun an IVA but considering BR

[MelanieGiles]

She is one lucky girl to have such a dedicated partner - so stop feeling bad about the debts and look forward to a very happy and long future together.

[emma_t]

Obviously you are putting a great deal of thought into this collyp, and you are obviously very serious about your relationship.

Good luck in whatever you decide is best and best wishes
Emma

[collyp]

And thanks, Mrs Skint, too.
When you say they wanted to make sure you paid your fair share, did they contact you directly? (I wouldn't want my partner to have to go through anything like what I have!)

[Lisa2009]

You would both fill in an I&E
The IP would simply make sure you both pay your fair share towards the bills based on wage percentages.
i.e if you bring in 60% of the household income and your partner brings in 40% your ip will only increase your payments by her 40% because you will obviously have that 40% left over from no longer paying bills on your own. The rest of her income will be hers.

If you can understand that

[collyp]

Thanks again, Mrs Skint.
And is it expected that she'd contribute to EVERYTHING (inc mortgage) at that ratio? (as I hadn't intended 'charging' her such an amount)

[Lisa2009]

Basically, she would be made to pay 40% towards the bills thus freeing up a little more of your income to give to your creditors and leaving the rest of her income as hers.
Hope thats clearer as my last post even confused me when i read it back

[Lisa2009]

The best one to discuss it with is your own IP, it could well be that you just have to charge her rent and only add that onto your income.

Let your IP explain it fully to you before you make any decisions you may later regret.

It would be a shame to lose your home if you
didnt have to.

Its more than possible to keep your home and make a new life there with the partner you obviously love very much.

[Reviva UK]

You are obviously aware that you would be given an income payment order which lasts for 3 years. you may want to go over the I/E figures with an expert prior to Br.

Incidentally I have an I/E spreadsheet that is freely available this may help you in working out things. just fill in the request form on my webpage & it will be emailed over.

Good luck

[collyp]

Hi again, 'Reviva' - yes, I'm aware that an IPO order would last 3 years.
As I'm in an IVA, I am aware of my I/E situation, and I understand that under BR, I'd have to pay up to 70% of my surplus income.

[collyp]

Hi again - you may remember I asked last week about moving from an IVA to BR.
In such a case, is it best I go straight to my IP (with whom my IVA is arranged) and explain the situation? Given that my IVA has just begun, I wonder whether they'll be very unhappy and unwilling to consider such a move - what exactly is their obligation on such a matter?

[Reviva UK]

Always recommended to speak to the IP first for a few reasons

1. as a courtesy as they are your supervisor and have no doubt put in a lot of work.

2. depending upon which court you are going Br in will depend on whether you need a termination certificate from the IP. Bizzare but different br clerks have different procedures and may actually refuse to present the order unless you have the cert.

3. Faced with this possibility they may come up with another idea. Always good to give them the opportunity and it will serve you well in the official receivers interview ( tel or face to face)

[collyp]

Many thanks for this advice - cheers.