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gemma685

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Post by gemma685 » Sat Aug 07, 2021 8:03 pm
@foggy

The time has come to make another offer! This time I’m going for £7000, if accepted, will I have to stick to the expenditure list until I receive my certificate, or can I do what I want with my money if accepted?

kallis3

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Post by kallis3 » Sat Aug 07, 2021 8:23 pm
If your offer is accepted and the money paid across then your income is your own. They may check on historic PPI and/or inheritance that were known about during the IVA but that will be it.
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

Foggy

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Post by Foggy » Sun Aug 08, 2021 9:25 am
Sat Aug 07, 2021 8:03 pmgemma685 wrote:
@foggy

The time has come to make another offer! This time I’m going for £7000, if accepted, will I have to stick to the expenditure list until I receive my certificate, or can I do what I want with my money if accepted?
During the period following acceptance / payment of the lump sum and until the actual issue of the completion certificate, you are still in the IVA and bound by it's provisions. Most full and final settlements are neither full nor final and operate merely as a moratorium on regular payments until that certificate is issued. So, if Great Aunt Maud passes away during this time the IVA is still entitled to a share of the Rembrant she left you, or the lottery win. But, day to day spending, income restraints and sticking to budgets is over --- your earned income is your own.
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
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