Will it cause a problem that I didn't declare 2 money gifts for furniture ?

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Yvonne.d

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Post by Yvonne.d » Tue Nov 22, 2016 9:07 am
Hi I'm due for my renewal , but I had 2 money gifts off£700 each for much needed house hold furniture, will I be in trouble for not giving it to my Iva company
 
 

Foggy

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Post by Foggy » Tue Nov 22, 2016 9:12 am
A gift is a gift and is usually not a matter for your IP, as long as it is modest. If your benefactor wishes to help again it might be better if they purchase the article and gift that to you, rather than the money.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Nov 23, 2016 11:28 am
Shame you couldn't have used the money to settle your IVA early instead.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Wed Nov 23, 2016 12:47 pm
That may not have been enough money to settle as she has only been in the IVA since 2015.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Nov 24, 2016 11:56 am
There may be more available...
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Thu Nov 24, 2016 12:24 pm
You obviously know more than I do.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Nov 24, 2016 4:13 pm
No! Just saying if a third party willing to gift £1400 perhaps they are willing to help settle!
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

hubert

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Post by hubert » Fri Nov 25, 2016 3:05 am
Hello Yvonne.

How did you receive the money?

Cash? Bank transfer?
One pay-cheque away from oblivion!
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