my wife and i are about to enter into a joint iva and she does home childcare. what would happen if her esrnings increased/decreased as obviously the number of children she is caring for will change often
If there is an increased disposable income at the end of each year, under the IVA protocol your payments into the IVA would increase by 50% of the increase. Check out the terms of the IVA proposals with your chosen IP to make sure you understand what will happen in your specific case.
Hi and welcome to the forum from myself too. I know melanie will have answered your post but do keep posting as there is mostly someone around to offer advice/support as needed. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
