i am hoping to start my iva next week, the reason i got into debt is a long and hidious story. my father will soon die and wanted to leave me some money but has refused as he knowes it will go to the debts so has decided to leave it to my 2 disabled children and in their accounts. can the iva take my sons money?
If the money is left to your children then it will be safe.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
When my mum retired she put some money into accounts for my children and during our iva application process this was never questioned so like Kallis has stated the money should be safe.
Good Luck with your iva.
Hi - as long as the money is in your children's names it will be safe. They have no liability for your debts so their inheritance has nothing to do with your IVA. I'm sorry to hear about your father xx
