Posted: Tue Jul 12, 2011 9:47 pm
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
Hi there and welcome to the forum
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.