Someone wants to give us a gift

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ThriftyWitch

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Post by ThriftyWitch » Sat Jul 24, 2010 4:11 pm
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?
Trying to be thrifty!
 
 

MelanieGiles

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Post by MelanieGiles » Sat Jul 24, 2010 4:13 pm
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.
Regards, Melanie Giles, Insolvency Practitioner
 
 

ThriftyWitch

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Post by ThriftyWitch » Sat Jul 24, 2010 4:17 pm
Must be deja vu Melanie as he only offered it to us two days ago![:D]

Ok, thats good news, so we can accept it and keep it, but we just need to let the office know?
I will call Angela on Monday. Thank you Melanie[8D][:D]
Trying to be thrifty!
 
 

MelanieGiles

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Post by MelanieGiles » Sat Jul 24, 2010 4:19 pm
That is really weird! I could have sworn I read this post several days ago. And now the theme music from the "Twilight Zone" is ringing in my ears as well!!!

Does anyone else recall a similar post to this from a few days/week ago?
Regards, Melanie Giles, Insolvency Practitioner
 
 

ThriftyWitch

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Post by ThriftyWitch » Sat Jul 24, 2010 4:24 pm
Maybe you are getting so good you can predict peoples questions before they ask them Melanie[:D]

I recall there being a similar question, but I think that person was already in an IVA?!?? or at the beginning of one??! Not sure, I may be dreaming it!
Trying to be thrifty!
 
 

carole2662

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Post by carole2662 » Sat Jul 24, 2010 4:53 pm
You are not loosing it Melanie I also remember another question about gift or windfall last week, unless we are both going bonkers
 
 

plasticdaft

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Post by plasticdaft » Sat Jul 24, 2010 6:42 pm
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!!!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

ThriftyWitch

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Post by ThriftyWitch » Sun Jul 25, 2010 10:42 am
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]
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SometimesTina

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Post by SometimesTina » Sun Jul 25, 2010 11:46 am
Just stick the £1000 under the bed. Believe me, it will come in handy over the next 60 / 72 months.
Best Wishes,
Tina x


Even trannies get in debt
 
 

kallis3

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Post by kallis3 » Sun Jul 25, 2010 12:03 pm
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
 
 

Shining

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Post by Shining » Sun Jul 25, 2010 4:00 pm
I'm sure I saw a similar post too Melanie. I did ask about accepting money for a holiday from Mother in Law too which by the way we did and is booked now.

What a generous friend you have, it's always nice to receive a gift. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

bigtrouble

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Post by bigtrouble » Sun Jul 25, 2010 4:05 pm
you are not all going mad! It was me posting about a gift of money from a relative which I have gratefully accepted
 
 

ThriftyWitch

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Post by ThriftyWitch » Sun Jul 25, 2010 4:53 pm
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]
Trying to be thrifty!
 
 

ThriftyWitch

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Post by ThriftyWitch » Sun Jul 25, 2010 4:54 pm
and thank you too Lesley, yes hes a very generous person, hard to accept it really, but he really wants us to have it[:)]
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Skippy

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Post by Skippy » Sun Jul 25, 2010 4:56 pm
I'm definitely with Jan on this one! I'd be buying the cooker and bed!
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