Hi I have had an IVA for a year. I am awaiting my review. My ex husband has given me some money for a car & long standing debt from years ago which is more than if I paid my IVA off (he gave me £10000 & I have 48 × £102 left) I would rather use this money to pay off the IVA and use the remaining for a car (I would offer the full £4896. Is this allowed as the money has been transferred and most is sat in my account??
Will they still check my bank account transactions? I am only worried as I have a gambling problem of which I am getting help for & what info will they need from ex husband as he says he wont get involved.
There is a chance that the IVA will draw this money in as an asset / windfall and it will go towards your original debt (not just remaining payments).
They are likely to check the account statements at some stage, either now at review or later as part of the closure process. They would also need to know where the money is for an offer to be put forward. Now that it is in your account you will need to see what your IP thinks.
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