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Posted: Mon Mar 28, 2011 11:04 pm
by emaplo
i am hoping to start my iva next week, the reason i got into debt is a long and hidious story. my father will soon die and wanted to leave me some money but has refused as he knowes it will go to the debts so has decided to leave it to my 2 disabled children and in their accounts. can the iva take my sons money?
Posted: Mon Mar 28, 2011 11:12 pm
by kallis3
If the money is left to your children then it will be safe.
Posted: Tue Mar 29, 2011 7:33 am
by Julie.je
When my mum retired she put some money into accounts for my children and during our iva application process this was never questioned so like Kallis has stated the money should be safe.
Good Luck with your iva.
Posted: Tue Mar 29, 2011 9:45 am
by Broke of London
Hi - as long as the money is in your children's names it will be safe. They have no liability for your debts so their inheritance has nothing to do with your IVA. I'm sorry to hear about your father xx