I am considering offering Payplan a full and final settlement.

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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 ?


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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


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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
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