good morning,can anyone give some advise please, my wife has just started a part time job and it pays around £480 a month, she is not involved in my IVA but the IP company want to look at the monthly payments.There are all the normal DD SO from the bank, but what do I do about food and other expenses as they can change and vary from month to month....do I go by the original amounts put down or the current amount or an average amount......just a little confused on which way to turn
I would put down what you currently spend and see what they say.
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
Thank you Kallis3, they want the form back after my wife gets paid at the start of November, so I will get a bank statement and look at what has been paid out and put this down, I just worry that it will look different to the original amount agreed and I could end up worse off and end up paying more....but I have to be honest or they could fail the IVA and I couldn't have that
The IVA company will look at the proportion she can now contribute to household expenditure on a % basis.
There are a couple (including Payplan) that take whole of household income into account.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
