www.iva.co.uk

Hi there - I've been waiting for a credit's meeting for a few months owing to a delay in getting settlement figures from some of my creditors.

After 2 years of being out of work since redundancy my wife has just been offered a job, quite a good one.

What I'm worried about now is that, as she's found work and our household income will go up dramatically (even after childcare) that I may be refused an IVA because of this? She should be bringing home £2,700(?) a month, childcare will be £1,500 or so.

Obviously, if the IVA is granted I understand that my payments will increase significantly now she's working.

Debts are in my name alone.

Estel - No it should not affect you getting an iVA - however if your entering joint debt into the iVA - you wife is likely to be persuded for the liability of the whole debt.

Depends on how you IP has worked out the income - it may be seen that your wife could contribute more to household income - hence creditors get more.

If in doubt speak to your IP or look closely at your proposals