Do I have to declare any cash I receive to my IVA company?

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mick245

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Post by mick245 » Sun Oct 24, 2021 2:49 pm
If my mother gives me cash do I have to declare it

Foggy

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Post by Foggy » Sun Oct 24, 2021 3:04 pm
It depends on the amount and your conscience .
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Sun Oct 24, 2021 3:33 pm
Agree with Foggy - under £500 and it will be yours, other than that it has to be declared.
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

plasticdaft

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Post by plasticdaft » Sun Oct 24, 2021 3:37 pm
Is mum aware of iva? Rather than give you cash could she perhaps instead put the money aside for you in case of emergencies?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.

luluj

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Post by luluj » Mon Oct 25, 2021 9:15 pm
How strange - I posted twice on this thread yesterday and both have disappeared.

My advice was the same as plasticity... get mum to buy the items for you if there was a specific reason for gifting the money, or if not let her save it for you for emergencies ....
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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