Nervous benefactor

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1
 
 

kevin.me

User avatar
Posts: 18
Joined: Thu Oct 15, 2009 11:04 pm

Post by kevin.me » Sun Oct 25, 2009 5:23 pm
As i have posted before, my brother in law has offered me a loan to allow a full and final offer,how much contact will my ip or creditors require, as he is not keen beyond the loan to be involved and I am anxious not to scare him off.
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Sun Oct 25, 2009 5:27 pm
Hi there, not sure if they contact the person who gives the loan but it would be advisable he sends a letter saying the monies are only available to you for the completion of the IVA etc.,
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Oct 25, 2009 5:29 pm
I don't think they do have contact with them - as long as you tell the IP and the creditors where the money comes from and that it is only available for that, then that should be enough.
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
 
 

Lisa2009

User avatar
Posts: 5411
Joined: Thu Aug 16, 2007 12:17 pm
Location:

Post by Lisa2009 » Sun Oct 25, 2009 6:17 pm
A letter from your brother in law should be enough.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Sun Oct 25, 2009 7:25 pm
And if he pays the money in advance of the variation, then there would be very little need for the IP to contact him, other than to establish his identity for money laundering purposes.
Regards, Melanie Giles, Insolvency Practitioner
 
 

MRBLUESKY

User avatar
Posts: 2870
Joined: Tue Jun 02, 2009 11:04 am
Location: United Kingdom

Post by MRBLUESKY » Sun Oct 25, 2009 7:32 pm
hi the only letter my sister recieved was a thank you letter fom my ip after the offer was accepted.
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Oct 25, 2009 7:34 pm
Good luck Kevin - hope it goes ok.
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
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”