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Posted: Fri Mar 09, 2007 12:57 pm
by sam2
are partners earnings taken into account?
Posted: Fri Mar 09, 2007 4:56 pm
by go_4_broke
Hi Sam
As no one else is chipping in I'll take a punt.
I think the short answer is yes but I'm not sure to what extent.
However I find it difficult to believe that if you were earning peanuts and your partner millions that it wouldn't have an impact.
If it's more like the other way round it probably doesn't matter much.
-Best.
'5 years sticking my head into the Lion's mouth of debt !'
Posted: Fri Mar 09, 2007 5:45 pm
by kezza
Hi Sam
Your partners earnings will be taken into account only in so much as your contributions to bills, if they were earning twice as much as you your creditors won't see that you contributing half to bills as fair
Posted: Sat Mar 10, 2007 5:47 pm
by neverending
Thats a great answer from Kezza.
If you are living on your own then its straight forward but if you are living with a partner and they are contributing to the housing costs and household expenditure then this must be taken into account so that you can agree a true disposible income with your creditors.
However the time that you have been with your partner will be taken into account because if you have just moved in together then its no guarantee that it will last the five year term !!!
regards
Posted: Sat Mar 10, 2007 7:12 pm
by dso
Hi Sam,
In my case, being married, the joint household income including child benefit and child tax credit was considered.My wife is unemployed at the moment and hasn't work since my IVA was set up 21 months ago,l'm sure soon as she goes back to work, they will jump at it when my annual review next comes up.
dso.
Posted: Sat Mar 10, 2007 8:16 pm
by DebtDummy
very true neverending. It does depend on whether or not the partner is 'in' for the long haul or a short journey.
Good luck sam2.
All I have left is my humour.
