How many under £500 windfalls can a person have?

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j173

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Post by j173 » Sun Apr 19, 2020 3:26 pm
How often is a windfall allowed, before i start an iva. hypothetical- the man said somebody could send me £500 a day as long as its under £500 but that doesn’t seem right? Thanks

kallis3

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Post by kallis3 » Sun Apr 19, 2020 4:03 pm
Doesn't seem right to me as well. Who told you that? Besides which you are only allowed to keep £499 -£500 and above goes to the IVA.
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.
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Foggy

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Post by Foggy » Sun Apr 19, 2020 4:33 pm
It depends on the whole picture. In theory, say you won £400 on the horses ... you keep it. And tomorrow, you win £450 on a scratch card .... you keep it. The day after Aunt Mabel passes and leaves you £200 ... you keep it. BUT if you won £2000 on the gee-gees and the bookie said he would give it to you in £499 portions, that would be trying to cheat the system and you would need to pay the £2k over to the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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luluj

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Post by luluj » Mon Apr 20, 2020 4:42 pm
I want to be that lucky person receiving windfalls !
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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