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Posted: Fri Jul 06, 2012 4:50 pm
by Myrose
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.
Posted: Fri Jul 06, 2012 5:13 pm
by Foggy
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.
Posted: Fri Jul 06, 2012 5:22 pm
by Broke of London
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
Posted: Fri Jul 06, 2012 5:44 pm
by luluj
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.
Posted: Fri Jul 06, 2012 10:18 pm
by Hyperdrive
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[?]
Posted: Sat Jul 07, 2012 10:56 am
by dipsy
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!
Posted: Sat Jul 07, 2012 11:00 am
by Rod Newman
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 It is not accepted the offer will be withdrawn from you.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
Posted: Sat Jul 07, 2012 11:13 am
by Adam Davies
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posts, the offer is made on the condition that it is used to conclude your IVA, if not accepted then the offer will be withdrawn by your family member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