I'm 2 years into my IVA and my car is dying on me so my mum has offered to buy me a new car. It's not a new car but a used car and she doesn't know about my IVA but she does know i'm paying my debts which is why she's offered to buy the car for me. Is this something I should be declaring or do the IVA not care as it's my mum buying it does anyone know please?
Hi and welcome. If your mum is paying for the car there won't be a problem. You can keep you IP in the loop and just inform them of what has happened.
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
This may sound pedantic but bear with me! Your mum can give you a car BUT she cannot give you the money to buy a car. A cash gift would be classed as a windfall, whereas a car isn't a windfall. Happy car shopping x
That's really nice of your mum. You should let your IP know just in case they are under the impression that your old car has any value, but otherwise there shouldn't be an issue.
Don"t forget that the registered keeper is not necessarily the legal owner. I am sure that foster could have his name on there. We have a motability car which does not belong to us but it has.hubbys name on the registration document.
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
Hi Everyone and thanks for your feedback, most helpful as always
I have just phoned my IVA company, (Debt Free Direct), and they asked me how much the car would be that my mum was buying and I told them around &7000 but no more and they told me it was no problem if my mum was buying it. i will keep a proof of purchase just in case to show that my mum paid
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
