Just wondering what the implications are regarding gifts. I am not currently in an IVA, this is still in the early stages (still trying to get paperwork together for Melanie and team)
A family friend wants us to have £1000. We can accept or decline but he is adament he wants us to have it 'to help out a little' he is lucky enough to have a fair bit of money and nothing to do with it, hence he has explained that he wants us to have it as he feels we are a worthy cause! [:D]
If we were to accept this before the IVA begins, would this have to be paid over when it starts? He would put it into our bank account and obviously this would be shown on my bank statements that I would need to show Melanie.
We would like to accept it to save which would give us a great start on the IVA. Would this be ok?
Didn't you post about this last week as well, or am I having deja vu - again!!!
If the money is a gift it does not need to be taken into account for the purposes of presenting your statement of affairs to creditors - but make sure you let us know about this in the official channels as well, as not all of my team are regular forum readers and they may not pick this up.
Its maybe worth opening a 2nd account for your contingency fund to go in Thrifty and you could put the £1000 in there for safety(clearly not an account that is with a company you owe money to though!!).
You may well need that £1000 at some point,I dont know many people that get right through an IVA without a hiccup,car breakdown,cooker problems,roof blowing off etc etc!!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Thats a sound idea Paul. Yes I agree, having something there for an unexpected breakdown would be great.
To be honest, my cooker has been down to two out of four rings working for the last two years! and the two rings that work have no temp control, they are either off or on full blast! Ive muddled on with it though, it still does the job! Never use four rings anyway, use my three tier steamer pan for most things![:)]
.....and my bed is tied together with cable ties to stop the footboard falling off and us sliding out of bed![:D]
I think I would be spending that gift on a new bed and a new cooker![:)]
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
Thanks Tina - under the bed might be a good idea, unless the bed breaks and I can't crawl under and get it[:D][B)]
....might be taking Kallis' advice, I guess if we got the new cooker and bed now, it would last us for the 5/6 years?? rather than have to bu them mid IVA.....Hmmmm, decisions, fast becoming a complete scrooge I am [8D]