Iva or bankruptcy please help

Shaunw1987

Galloglass said:

Get your partner to check with Stepchange or whoever if a DRO is appropriate for them too. IVA's can be cancelled but you lose all of the payments made and it's back to square 1. But square 1 may be a better starting point for a DRO.

I've read somewhere that 27% of all Creditfix IVA's get cancelled.

Thanks that's definitely worth looking into. 

Shaunw1987

Evening guys dro is still going through I need a to ask a question I've tried searching the Web but haven't seen anything on the matter as it stands I've got a good chance of being excepted however my partner has just received pip that we applied for 3 months ago is this going to stop my proceeding with my dro. 

sourcrates

Shaunw1987 said:

Evening guys dro is still going through I need a to ask a question I've tried searching the Web but haven't seen anything on the matter as it stands I've got a good chance of being excepted however my partner has just received pip that we applied for 3 months ago is this going to stop my proceeding with my dro. 

No it won’t, PIP replaced DLA, so your income rises by the amount of your PIP, but your outgoings also rise by the same amount, as it is a benefit for specific medical reasons, so your disposable income will stay the same.

Shaunw1987

sourcrates said:

Shaunw1987 said:

Evening guys dro is still going through I need a to ask a question I've tried searching the Web but haven't seen anything on the matter as it stands I've got a good chance of being excepted however my partner has just received pip that we applied for 3 months ago is this going to stop my proceeding with my dro. 

No it won’t, PIP replaced DLA, so your income rises by the amount of your PIP, but your outgoings also rise by the same amount, as it is a benefit for specific medical reasons, so your disposable income will stay the same.

That's great news thanks because my partner has been awarded pip I may be entitled to the careers allowance wich is around 150 a month that gets payed via universal credit will this effect the dro?