I am considering offering Payplan a full and final settlement.

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

jason843

User avatar
Posts: 3
Joined: Wed Apr 25, 2018 8:59 am

Post by jason843 » Thu Jan 31, 2019 10:06 am
I am considering offering Payplan a full and final settlement.
I have advised that it would be a family paying this off. They have advised they would need to see a bank statement showing proof of the funds which is fine but does it matter that this family member would be taking out a loan to raise the money ? obviously I can't take a loan out to settle it but do they need to know how the money is raised by my family ?

MerlinL14

User avatar
Posts: 1616
Joined: Sun Oct 30, 2011 2:44 pm
Location:

Post by MerlinL14 » Thu Jan 31, 2019 11:55 am
I don't think it would make any difference how the family member raises the funds, as long as you can demonstrate to your IP that the money is indeed in that family members account.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues

Foggy

User avatar
Forum Expert
Posts: 28353
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jan 31, 2019 12:00 pm
Your family member's finances, apart from proving the funds are available, are of no concern to your IP.
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
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”