should i have left out my child benifit ?

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wobly123

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Post by wobly123 » Wed Oct 22, 2008 2:55 pm
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hi there advice needed ,when i put forward my income to my iva provider should i have left out my child benifit or included it.
i know i might be a pain here but i am drowning and my ip company is ringing me to discuss it
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Adam Davies

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Post by Adam Davies » Wed Oct 22, 2008 3:00 pm
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Hi
Child benefit is included in an IVA calculation,as is all income.
Work out a fresh income and expenditure with your IP and see if the payments can be lowered
Regards
Andam Davies
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Abby

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Post by Abby » Wed Oct 22, 2008 3:11 pm
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your not being a pain , any question no matter how small you must ask , because there will be somebody on here who will be able to help.[:)]
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james.c

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Post by james.c » Wed Oct 22, 2008 11:02 pm
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i left out my child benefit, purely by accident and not on purpose, but i think over time it would have been questioned, so the best policy is to show everything and then it makes it easier for your IP to do the best for you and your creditors
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MelanieGiles

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Post by MelanieGiles » Thu Oct 23, 2008 12:19 am
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Yes - Andy is correct. Child benefit does need to be included, as do tax credits and any other benefits you receive, in order to correctly calculate your disposable income.
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Thu Oct 23, 2008 12:21 am
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Melanie is spot on
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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