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 IVA and young children in our care
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Wackker
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2 Posts

Posted - 16 Mar 2018 :  22:03:56  Show Profile  Reply with Quote
Hello, I entered into an IVA in February. Through a court order my partner and I became special guardians to two young children last year which resulted in my business going into freefall finally resulting in IVA. My question is this, we receive a weekly allowance to help with looking after these children under the heading "carers allowance". I disclosed this at the time and it now seems that the children are losing out because pretty much all disposable income is taken up by IVA. We can bearly afford new clothes for them. Should they have taken this allowance into consideration even though it is received in my partners name and into her bank account?

IVA Adviser
IVA Expert



759 Posts

Posted - 19 Mar 2018 :  13:39:52  Show Profile  Reply with Quote
Welcome to the forum Wackker.

It's sensible and common to take all household income and expenditure into account. The outcome of this process should be to leave your family in a position to live reasonably while also treating your creditors fairly. I recognise that this isn't what you're experiencing right now as it sounds like money is extremely tight.

Has anything changed with either your income or your bills since the IVA began?

How much allowance was made for clothing in the budget that was created for you?

I am a professionally qualified debt adviser. To contact me about starting a IVA please:?      
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Wackker
Just Joined

2 Posts

Posted - 20 Mar 2018 :  15:05:59  Show Profile  Reply with Quote
Thank you for your advice. I am seeking the information at the moment from the IVA contact. I have checked through the contract but it only shows essential expenditure. More surprisingly the IVA contract which was photocopied and sent to me in the post is missing page 14 which I suspect has the other less essential expenditure on it. I will let you know the outcome and again thank you for your response
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IVA Adviser
IVA Expert



759 Posts

Posted - 22 Mar 2018 :  09:22:19  Show Profile  Reply with Quote
Please do let us know what you find out Wackker.

Very happy to help you with this.

I am a professionally qualified debt adviser. To contact me about starting a IVA please:?      
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