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Hi I have an IVA set up in NOvember last year which is great. I have been making the payments on time every month with no problems so far a bitof a struggle but managing. My son has just been awarded Disability Living Allowance and I was wondering whether it would have to go towards the iva or not as it is non means tested in everything else. The money is to help him with his disabilities as I just wondered what would happen. Any advice would be appreciated. Many thanks

Hi there
Disability does have to be included and declared as income but you would have to do a new income and expenditure also, in effect the one should cancel the other out, so though your income increases so does your expenditure.
Someone please correct me if I am wrong.

Hope this helps
Ang

Hi

I would speak to your IP about it, when I was going into IVA it was included as income, I have two sons living at home who recieve it. However we cancelled out one lot because of increased expenses associated with disability such as, extra washing, extra travel to special school, gloves, tumble drying, special duvets, extra sheets, etc etc etc. Think about all the extra things you and your son needs to live with his disability before handing it all over, it will suprise you.

Good luck

LILY

fly me up to where you are beyong the distant star, I will wish upon tonight, to see you smile, only for a while, to know youre there, a breath away is not too far, to where you are.

hi there, was just going to post ask lilly she knows about the DLa but she has beat me to it anyway, i personally don't think it should be included as that money is not your income, but an income to maintain the person who has the disability, i know the creds don't look at it this way, but that money is allowed to them because they need extra care, diets, sheets etc, but that is my personal opinion.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

Hi scc

I think that Lily is absolutely correct here. This benefit is paid for assistance towards your son and, whilst it does need to be declared as income, I am sure that you have expenditure to easily deduct from the payment.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

thank you for your advice about the dla and my son what expenditures would i put in as I am not sure what to put and you may think of things that I wouldnt any help greatfully appreciated many thanks everyone

Hi scc

This is definately one for Lily - as she has disabled children of her own and works remarkably hard to look after them whilst remaining cheerful about her finances!

Lily - where are you to give advice regarding allowable expenditure from your own experiences?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Hi and thank you for those comments.

I put down for extra because you do spend more, this is what I had but it depends on what difficulties the child has.

here goes.

Disposable gloves
wipes
extra sheets
extra washing powder
tumble drying
waterproof bedding
water proof quilts
travel to special school(mine are 25 miles away)
school trips (more common with special schools)
Outings with 'normal' daughter
Hospital stays (parking for appointments)

You should be able to claim for a washing machine and dryer which is maintained for 5 years for free, also a yearly cheap holiday, they gave me a caravan becuase mine do not like change. From the Family fund. (if the child is under 16)

I often have to fetch my son from school which is a 50 mile round trip and they have outings every week, they run a weekly fund for this. I hate to say this one but my youngest son causes damage to light bulbs anything hanging should move in his world, need I say more? He also chews his own clothes, which have to be replaced. Cups glasses and TV remotes are among his other victims, windows have been too,I wouldnt be without him for a second, he lights up my life, so do the other two. I hope this helps you to come up with a list.

I wish you the very best of luck


LILY

fly me up to where you are beyong the distant star, I will wish upon tonight, to see you smile, only for a while, to know youre there, a breath away is not too far, to where you are.

thanks lilly for your advice this is a big help its always nice to have another persons view to pick up on things that you would never think about until too late ha ha many thanks

you are very welcome, good luck with everything.

LILY

fly me up to where you are beyong the distant star, I will wish upon tonight, to see you smile, only for a while, to know youre there, a breath away is not too far, to where you are.

i never thought about those extras when drawing up our expenditure.
mrs torch gets lower rate dla and incapacity benefit,
(which was included in our income by the way)so will bear it in mind when we do our first review,
she may not need the extras you quote lily, but it is worth thinking about.

Aucto Splendore Resurgo.
(1 down, 59 to go)

Hi everyone I have another question. I am on an IVA but my partner isnt is he allowed to borrow me some money to pay off my IVA with a lump sum even though he is on my bank account? Can he still get loans? How much is it you have to pay in a lump sum payment is it the remainder of the IVA that is left less their future expenses. Anyone with any information or insight please reply. This is a great forum where you can feel free to ask any question you want which is really refreshing. Many thanks

Hi scc

There is nothing to stop your partner borrowing money to offer to you, and his ability to raise money will be dictated by his own credit rating and hence the relationship with prospective lenders.

A good way of calculating a settlement figure is, as you suggest, to work out the amount of future payments and take a discount for unpaid supervisory fees - but do check with your own IP for more detailed advice.

Continue to ask away with questions - that is what the forum is for!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Can he borrow money on our joint account or would I have to be involved in that. I mean say we banked at natwest and have a joint account can he apply for a loan just in his name but on our account and can he do that. I cannot apply for any credit but he can and I am worried about it I dont want to do something I shouldnt. Thanks for your help

Well if he is applying to the bank for a loan in his own name, this has nothing to do with your joint bank account - apart from the fact it is that account which will process the loan repayments. This would not cause any problems with your IVA, but you must not be party to the loan.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk