Windfalls

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Julie

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Post by Julie » Tue May 13, 2008 4:28 pm
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Hi everyone,

If I was to receive a windfall would it have to be declared to my husbands IP? The IVA is in my hubby's name only, but my salary and household contributions are taken into account.

Hypothetical at the moment, but would like to know where we stand, just in case I win the lottery [;)]
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Viki.W

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Post by Viki.W » Tue May 13, 2008 4:30 pm
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Are you feeling lucky Julie? Can't answer your question just wanted to wish you good luck for the lottery! Don't forget all your forum friends when you win big! [;)][:D] Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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Julie

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Post by Julie » Tue May 13, 2008 4:40 pm
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lol Viki - if only eh :)

We'd have a great forum party!!!!!!!!!!
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Oliver

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Post by Oliver » Tue May 13, 2008 4:41 pm
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As the IVA is only in your husbands name a windfall to you may be protected, its always good practice to discuss this with your IP
Best Regards
Oliver
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Soulgrowth

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Post by Soulgrowth » Tue May 13, 2008 7:37 pm
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There's no harm in hoping! [:)]

Debbie
Debbie
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MelanieGiles

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Post by MelanieGiles » Tue May 13, 2008 10:11 pm
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It would not be included in your husband's IVA. If it is your windfall, it is your windfall - although you could gift some of it to hubby to offer as a full and final settlement!
Regards, Melanie Giles, Insolvency Practitioner
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Julie

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Post by Julie » Wed May 14, 2008 9:25 am
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Well, I've bought my lottery ticket, so here's hoping!

Seriously though - my sister is giving me a small amount of money - I helped her in her early days so she's rewarding me now she's in a position to do so. Not enough for a F&F but I can use it for emergencies and maybe a holiday...

Great to know where I stand and may help others too. Thanks x
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