Settling an IVA

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ray219
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by ray219 » Thu May 24, 2018 6:52 pm
I am wanting to settle my daughters IVA.She has offered the remaining balance as settlement.My only concern is Step Change has included in the paperwork advice to contact a solicitor prior to payment. Does anyone know if I have any further liability or come back once the payment has been made ?
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Foggy
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by Foggy » Thu May 24, 2018 7:38 pm
ray219 wrote:
I am wanting to settle my daughters IVA.She has offered the remaining balance as settlement.My only concern is Step Change has included in the paperwork advice to contact a solicitor prior to payment. Does anyone know if I have any further liability or come back once the payment has been made ?


This is "standard best advice" that Stepchange routinely give. Once the offer has been accepted and the IVA concluded there will be no further liability in respect of the IVA.
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Lisa Thomas
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by Lisa Thomas » Fri May 25, 2018 8:24 am
Bear in mind that the money will be classed as a gift so if you and daughter fall our you will not be able to pursue her for repayment.
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