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Posted: Sat Mar 21, 2015 12:00 pm
by N.K
How will the IP, creditors view the following. We are both in an IVA, i work full time and my wife is a full time house person. Can my my transfer 10% of her personal allowance to me and we will be slightly better off.
Posted: Sat Mar 21, 2015 12:05 pm
by lifenoteasy
Wouldnt that mean you have more disposable income and therefore pay more?
Posted: Sat Mar 21, 2015 12:42 pm
by Foggy
As lifenoteasy says, an increase in your disposable income will mean an increase in payments into the IVA, but you should get to keep 50% of the increase.
Posted: Sat Mar 21, 2015 12:51 pm
by Bowman
the additional monies is £212.00 per annum, so creditors will receive an extra £10 per month.
Posted: Sat Mar 21, 2015 12:58 pm
by Foggy
.......which could well be eaten up in increases in general expenditure at review, so you would be a bit better off. And, of course, going forward after the IVA you will be even better off (every little does help ! ).