Will we have to give half of F&F offer to IVA if offer is rejected ?

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Myrose

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Post by Myrose » Fri Jul 06, 2012 4:50 pm
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When making a full and final payment from money from a family member, if the offer is rejected will we still have to give half into the iva.
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Foggy

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Post by Foggy » Fri Jul 06, 2012 5:13 pm
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Hi ---- make it clear to your IP that the offer is from third party funds and is only available for the purposes of a full and final. If the offer is refused, the third party will retain the monies.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Broke of London

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Post by Broke of London » Fri Jul 06, 2012 5:22 pm
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Totally agree with Foggy. No need to hand anything over if the F&F isn't accepted...you wouldn't have anything to hand over anyway! x
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luluj

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Post by luluj » Fri Jul 06, 2012 5:44 pm
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Absolutely not...ensure it is known it is only available for the use of concluding your IVA in full otherwise you will not have access to it.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Hyperdrive

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Post by Hyperdrive » Fri Jul 06, 2012 10:18 pm
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Agree with everything said already, but intrigued as to why you might think you have to give over half the F&F if it`s rejected[?]
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dipsy

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Post by dipsy » Sat Jul 07, 2012 10:56 am
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I am sure they can't take something which doesn't belong to you! The F&F is being given to you by a third party and is for that purpose only!
Take what life throws at you and hold your head up high. You're only human after all!!!
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Rod Newman

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Post by Rod Newman » Sat Jul 07, 2012 11:00 am
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Fully agree. If when making the F&F offer stipulate that it is only available for the settlement. It is not accepted the offer will be withdrawn from you. Good luck
Rod
Most day's you feel like the statue but just once in a while you get to be the pigeon!
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Adam Davies

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Post by Adam Davies » Sat Jul 07, 2012 11:13 am
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Hi

Just to confirm all other posts, the offer is made on the condition that it is used to conclude your IVA, if not accepted then the offer will be withdrawn by your family member

Regards
Andam Davies
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