Can my parents pay my IVA?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1


User avatar
Posts: 1
Joined: Fri Feb 21, 2020 2:04 pm

Post by maciej » Fri Feb 21, 2020 2:04 pm
Hi i want to make one payment for iva a money is from my parents how to do it


User avatar
Forum Expert
Posts: 75948
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Feb 21, 2020 2:14 pm
First of all, are you already in an IVA? You would have to make sure that the money is only available as a gift.

How much do you owe in total?
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.


User avatar
Forum Expert
Posts: 31255
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Feb 21, 2020 2:25 pm
If you are talking about a lump sum to pay off an existing IVA, yes this can be done. It is also possible to propose an IVA based on one, lump sum, payment.
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

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Tue Feb 25, 2020 12:33 pm
If you are not in an IVA it's possible to reach a deal direct with your creditors and avoid an IVA altogether, albeit it means a lot of legwork from you, but could save on costs and increase the dividend for the creditors.
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: ... Z5k9ZcC2MA 01752 786800
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”