I am sure you could get round that, unless the minimum payment was a fair amount of money. If it was less than £100 I reckon you would be able to cover that up.
Not all IP's ask for bank statements either.
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
I see your point Jan, yes you are right. Personnally I would rather include everything because if you are paying less through an IVA then this surely is better.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
Totally agree. At least you know that there won't be anything you can't pay in the future and nothing to try and explain away to anyone.
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
Completely agree everything should be included just made me wonder how it would be picked up if the payments were for a small amount like Jan says. I mean a statement showing any amount of cash withdrawn shouldnt concern an IP as long as you are making your contributions on time, I would have thought? Its not like everyone actually uses each allowance for what it is meant to be used for surely? Although I'm sure everyone tries to keep it back for the purpose it is meant.
Last edited by LoneRanger on Sun Apr 19, 2009 8:26 pm, edited 1 time in total.
I agree that you shouldn't deliberately leave anything out.
Steve, to answer your point, all of our normal household bills are paid from the bank account.
Our weekly food bill, petrol and other sundries come from hubbys incapacity benefit which is drawn out in full from the post office card account every week. There is no record anywhere of what this money has been spent on.
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
Jan I hope we don't have to keep receipts for everything particularly food - J shops all over the place from Farms, Farmers Market through to the Co-Op. There would be a suitcase fullof paper if we have to do that
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
Skippy13 wrote:
Can I just add that if something is inadvertantly missed out this doesn't mean that you are going to get a criminal record or that your IVA will necessarily fail.
If anyone is in an IVA and they find that they have missed a creditor out they need to contact their IP ASAP. If it's a genuine error there will most likely be a solution.
Skippy an inadvertent mistake missing out a creditor is acceptable - what is not is the deliberate ommission of one or anything else told to the IP in constructing the Proposal.
Most debtors have to sign a statement as follows within their IVA:
I confirm that this document fairly sets out my proposal to the creditors for an IVA and that to the best of my knowledge and belief the statements are true. I also acknowledge that although I have received assistance in drafting the proposal, its contents remain my sole responsibility and the implications of the proposal have been carefully explained to me.
I understand that if I have committed or do commit a criminal act, the nominee or supervisor (or both) may be obliged to report such act to the appropriate authorities. Without limiting what I have said earlier, I know that, for example, this could involve a report under the Proceeds of Crime Act. If the nominee or supervisor discovers that I have committed any other criminal act which they do not have any obligation to report, they may nonetheless report it to the appropriate authorities if they see fit.
Hence honesty is the name of the game.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I think all Skippy was seeking to do was just to point out the difference between an inadvertant omission and a deliberate one. She was not advocating anyone not declaring a debt.
As reference had been made to criminal records, she didn't want anyone hovering in the background to be scared off!
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
Jan is right, I was not suggesting anyone should deliberately omit a debt. I didn't want anyone who is either in an IVA or considering one to think that if they make a genuine error they will get a criminal record.
