I assume that you are talking about making a lump sum payment to close the IVA early (not write it off) ... a full and final offer, based on remaining payments.
The funds for this should go to the IP from the donors directly, and they should not give you cash to pay yourself. All you need do is write to your IP ( I actually did mine over the phone) telling them that you wish to make a full and final offer of £xxx and that the money is being provided by a third party for the sole purpose of a F&F. The IP will probably require evidence of the gift (letter from the donor) and the ID of the donor as well as proof that the money is available (donor's bank statement).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I pay £200 a month and have just paid my first year off =£2400 it’s over 6 years so total is £14400 - £2400 = £12000 I’ve been offered a gift from family member £10000 I’m hoping they will accept that. But I’m not sure
Yes they would - an annual review is conducted to ensure all monies received have been declared, as well reviewing your different lines of agreed expenditure to ensure it remains viable.
Any full and final offer will be done in addition to this
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
They will also need to see banking details of your relative - this is just for money laundering checks.
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
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
