Payment for IVA by someone else

[Fallenhero]

Hi just wonderin...if i lost my job or something came up which made my payment hard and i couldnt make payment to IVA...can someone else pay for me my monthly payment till i was back in work or able to pay..ie parent.so i wouldnt miss any payments into my IVA...as with today climate i hate to think if i lost my job and couldnt get one and with just 13 months left on IVA to have it fail..or would this be classed as a gift and need to be added to IVA as well as me making my normal payment..

[kallis3]

I'm pretty sure that is ok as long as the payments are made.

I would also explore the avenue of asking your IP to put forward a variation to see if your creditors would accept your payments to date as a full and final.

Did you have an equity release at all?

Hopefully it won't come to that.

[Fallenhero]

i havnt got to the equity release part yet in my IVA..i was just wondering oh how payment by someone else would be seen by IP or creditors...as i say i hate to be so near to finish and for IVA to fail....

[kallis3]

Personally I can't see a problem, but hopefully one of the experts will be along to advise.

[Shining]

I, like Jan can't see a problem but it might be worth running it by your IP and hopefully one of our professionals will be along to offer their expert advice too. x

[plasticdaft]

As long as the payment is made it wouldnt be a problem. If you are that near the end though a good IP would more than likely go to creditors and ask them to accept payments to date and close the IVA.

Paul