question category: IVA

IVA in my name only. If my wife gets full time job, what percentage will they want?
Submitted on: 1st Feb 2009 by Non-Member | Total Answers: 1

I have just started an IVA in my name only. My wife works part time at present but is looking for a job with more hours. What percentage of this will they want to take towards the IVA. Nothing is in my wifes name although they have already taken her part time job into consideration. Is it worth her getting a better job? Would I have to tell them that she is earning more money? Would it be better for her to stay doing the part time job untill the IVA is cleared??

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IVA in my name only, what happen if wife gets job

Your wifes earnings are hers and nothing to do with your IVA. As is her bank account and other finances. If you own a home together it could get more complicated as there may be equity in the house.

Submitted on: 2nd Feb 2009 by TA Member

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