Will my partner have to contribute to my IVA?
An IVA payment is worked out on disposable income
We receive a lot of calls and emails from the public asking; "Will my partner have to contribute to my IVA?".
Your partner will have to contribute towards the IVA payment. A lot of our callers state that the debts are theirs so their partner should not be affected or have to pay towards the IVA.
If you are living with a partner or spouse you are required to list all the household expenses and all the household income.
Please note that an IVA payment is worked out on disposable income. The IVA payment is therefore based on the amount of money which an individual or household has available to spend on inessential items after essential bills have been met.
In the interests of being fair the creditors look at your partners or spouses income and ask them to pay a proportion of the household costs based in a ratio comparing income levels.
E.G – The IVA of Mr Smith
- Mr Smith owed £35,000 and wants to do an IVA
- Mr Smith is living with his partner whom they rent a flat together.
- Mr Smith earns £20,000 per year and his partner earns £10,000
- The household disposable income is £600.
- The IVA payment is £400.
- Mr Smith's partner can keep £200.
If you are considering an IVA and would like to know if your partner may have to contribute towards the IVA please complete the following form or telephone freephone 0800 074 6918.
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