I've no idea unfortunately, hopefully Mel or Andy will be on later to advise further.
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've seen one or two posters on here who have had similar things in their IVA, not necessarily for them but for kids who are living at home.
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i have a clause that says that if anybody over 18 takes up residence that they should be reasonably asked to pay boared and that im to pay this into my iva.
well my son is 20 and is in full time uni living at home.
he gets a living allowance grant which he uses to pay for transport and books,equipment etc.
we do not charge him any boared as to be frank he cant afford that much as we cannot help him with fees etc.
my iva company are fine with this and still let us keep his food allowance in our i@e.
at least he can get through uni then under his own steam.
cc received 6th January 2014 now upwards and onwards
It is all individual but I have read of posters on here whose kids have had to seek employment once college etc is finished so they can contribute towards the household.
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
Sorry rainbowhills, I was just wondering out of interest. I totally understand that £120 is alot to lose.
I'm sure a chat with your IP will help & give you some sound advise. I think it's a lovely offer from your daughter, see what the IP says about it all.
Lots of luck to your son at uni too x
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
If any instances of co-habitation with the Debtor by any person aged 18 or over occur during
the term of this Arrangement and where there is reasonable expectation that Board and
Lodging should be paid, the contribution will be added into this Arrangement in full
so does not state they must seek employment.
also the the "reasonable expectation"bit also makes it easier to interpret
Last edited by back on track on Sun Aug 28, 2011 10:55 am, edited 1 time in total.
cc received 6th January 2014 now upwards and onwards
I'm not disputing what your IVA says back on track, I was just saying that some posters have had to get their kids to seek work once they have finished college.
It has been part of their proposal.
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
did not mean to come across that you was doubting my proposal jan.
sorry if thats how it sounded but i just thought it was wrong for them to put in a clause like the op says where its part of the proposal that this 35 hours is a must.
her ip should be fine with this once they know the details and hopefully they get it sorted out very quickly.
i thought i had a clause like the one you said but as you can see its not quite the same as telling me they must find work or that they must pay boared or for that matter that its got to be family.
i read it as if i take in a lodger or shack up with somebody(dont tell the wife[:p])
cc received 6th January 2014 now upwards and onwards
I think it's wrong as well and I also apologise as I didn't mean my answer to come across the way it did!!
I have no such clause in my proposal - my daughter is an adult but has been at uni and now mostly lives at her fiance's house so has never been expected to bung towards the finances.
Don't think my hubby would be too impressed if I took up with someone else!!!!!!!!!!!
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
A shame the likelihood of your son entering full-time education and therefore you losing the benefits relating to him was not thought about at the outset of your IVA - as the plan may not have been workable from day one if this had been known.
The £4,000 offer seems on the low side to me, but if you paid that an continued to make payments of say £100 per month this might be more palatable for creditors. As with all queries like this, you really do need to run them by your own IP who has detailed knowledge of your case and will know the creditors concerned and the likelihood of them accepting a short settlement. If your daughter could increase that offer to nearer £8,000 it would have a far better chance.
The facts were there from day one as my son was coming up to 18 where you lose the benefits that I speak of.I think we all assumed that my wife would get work,but this hasn't happened .
I don't want my daughter to remortgage if it is not possible that they would say yes to this.
Thanks for the comments, I suppose we would just have to go bankrupt,but really didn't want to do it then or now.
Thanks for your comments I am sure you have the inside knowledge and I thank you for casting your eye over this.
I hope you can sort something out other than going BR if you really don't want to do that.
Speak to your IP and see if you can sort something out.
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 have just worked out that I owe £9600 as I have almost completed a year.I can only get hold of the £4,000 as she hasn't any more spare.
Don't really know what to do now. Will give my IP a ring on Tuesday
thanks
See what they say - they can only say no and if you tell them the circumstances you might be pleasantly surprised.
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
