Partners Income

nikkinoo75

I am not doing an IVA as my partner already has one, I would rather pay for 3 years not 5 and have the Bankruptcy.

Fingers crossed all will be ok!

Years_of_debt

All the best

National_Debtline

Hello again,


If your partners student loan is up to date, that would very likely be a permitted expense and then the OR will take their net income amount, after that has been deducted from their wage.


However, to give you a rough idea of how the surplus is calculated proportionally (based on the figures you have given); your partners net income is approximately £2218 and the total surplus is £904, your partner should have more than 50% of the surplus as they have a higher income. They could potentially have around £508 of this, so you may not have quite as high an IPA as you have initially calculated.


I hope that helps, best of luck,


Laura
@natdebtline

nikkinoo75

Hi,
Apologies, I have now been told two different things and partner is pressing the button on Friday!

Do we include all income and all expenses even partners Student Loan, HP and IVA so that they can see everything we pay out
OR
Do we reduce partners income by those items
OR
Do I just put their income and none of their expenses?
We pay all our money pout of one pot so to speak even though we have seperate accounts.

Any advice welcome!
Thank you