I am after some advise. I entered an IVA with an opening balance of £19,568.
At the time I was on a very low wage and it was agreed that I would pay £149 (£8,940). I entered the IVA in May 2021 and have so far made 27 Payments.
Due to a very big pay rise, my standard monthly payments increased to £339 Back in February. So far I have paid £7,441 to my IVA. It looks like if I carry on making the monthly payments, I will re-pay the entire value of debt (which I have no problem with).
My parents have recently found out about the IVA & have offered me their savings as a gift to clear the IVA. They have offered an amount of £6,000 which is all they have & are only prepared to gift the money if it clears the IVA.
What are the chances of getting this accepted? From my calculations I have 34 payments remaining at £339 (£11,836).