I am my last year of IVA, could my son pay the debt off for me ?

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Maureen.98

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Post by Maureen.98 » Sat Sep 21, 2013 5:30 pm
I am my last year of iva , and pay £386 per month so I owe approx £4246 , could my son pay the debt off for me . or should I just wait
 
 

Foggy

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Post by Foggy » Sat Sep 21, 2013 5:34 pm
Hi. He could do. It won't clear up your credit file any faster, but will get you clear earlier. You would have to make it clear to your IP that the money is from a third party and is only for the purposes of a F&F -- if this is rejected the donor will retain the funds and they will not be available to the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

MelanieGiles

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Post by MelanieGiles » Sun Sep 22, 2013 7:19 pm
If your IVA is in its final year, your IP may be reluctant to put forward an offer of full and final settlement as this may take a couple of months to present in any case. How may months do you actually have to still pay in for?
Regards, Melanie Giles, Insolvency Practitioner
 
 

Maureen.98

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Post by Maureen.98 » Mon Sep 23, 2013 12:17 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles

If your IVA is in its final year, your IP may be reluctant to put forward an offer of full and final settlement as this may take a couple of months to present in any case. How may months do you actually have to still pay in for?
 
 

Maureen.98

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Post by Maureen.98 » Mon Sep 23, 2013 12:19 pm
last payment due oct 2014
regards maureen
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