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Hi

My girlfriend, who has a payment plan with Payplan is being pushed towards an IVA by them even though she is quite content to pay off the full amount she still owes (£15,000 approx).

We have been together for many years and lived together for ten years but have always maintained separate finances. She has been told that she must supply full details of my income and assets. Is this needed ?

The house and mortgage is (and always has been), in my name and I pay all outgoings, mortgage, council tax etc. I also filed a notice of disassociation with the credit reference agencies some 5 years ago.

Can an IVA force disclosure of a partners assets for inclusion in the IVA calculation, if this is the case the IVA route is not worth considering.

Any advice or personal experience would be welcomed.

Many Thanks

Steve

Hi Steve

If your partner is happy with her DMP, and does not feel that she would be better off proposing an IVA, then she should stick with where she is or move to another DMP provider. If she does decide to propose an IVA, then you will need to disclose details of your earnings.

How much is she paying each month on the DMP, and have the creditors stopped charging interest to your knowledge.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp