www.iva.co.uk

Hi,

I am 40 months into my IVA with no problems so far. I currently live with parents but am considering moving in with my boyfriend. He earns much more a month than me but has committments each month which consume his salary. Would the IVA look at how much we both earn and work out the % we would both contribute to household bills or would all of my boyfriends outgoings be taken into account (eg maintenance and loan and credit card payments)? Thanks

Your IP will conduct a reassessment of your finances, to take into account the new contribution you will make to shared household expenses when living with your boyfriend. This will usually be based upon the ratio of your individual to combined incomes.