If your F&F offer to settle your IVA is rejected can you or are you allowed to negotiate at the time of the Variation meeting to ascertain what they are willing to accept?

My circumstance is that my wife has left me but with young children she is expecting me to still pay for the mortgage as she cannot work even though we are now separated. For the sake of my children I am prepared to do this but will the creditors except that.

When you want to propose a F&F do you need to present a new income & expenditure report

Nationwide have just started doing it from this month.

Its a fair point but the third party is not a UK resident so would a signed letter and a copy of their passport be good enough?

Do the funds have to be paid directly to them or my bank account assuming all is agreed in the F&F.

So there is no legal requirement for them to check however in this case the money is currently in an overseas bank account..
Will this cause a problem?
Rest assured it is a family member and the money is genuine..

I have told the third party I am in an DMP not IVA but I guess if it has to go on a letter then it would have to state as for full and final settlement of an IVA so it is not treated as windfall....right?

I have been told by my IP that because it is over £10K they need to check the identity of the person to confirm that the money being given is not the proceeds of crime or is being laundered. Its the law apparently. The problem I have is that I do not want that person to know I am in an IVA. Is there...

When you make a F&F offer of over £10K do they do a check on the third party that is providing the cash.
If so what checks are done?

Hi All I am about 1 year into a 5 year IVA. Everything was going ok until my wife decided to leave me and now wants a divorce. She has told me to move out of our home for which I own 50%. With having to find a new place to live there is now way I can keep up with my IVA payments. My mother in law of...