I had a gambling win which I have spent. Will the IVA people want this amount paid to them ?

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
 
 

Andy.74

User avatar
Posts: 1
Joined: Wed Feb 05, 2014 10:15 pm

Post by Andy.74 » Wed Feb 05, 2014 10:15 pm
Hi, i have an IVA have just made my my final payment. I now now have to submit expenditure form etc for the final time before the IVA is officially completed. The problem i have is that i had a gambling win of approx £4000 before xmas, (which i have subsequently spent) paid into my bank account, which will obviously show up on my bank statement. Will the IVA people want this amount paid to them, even though i know longer have it? Will they want the full amount or a percentage?

Im not sure where i stand on this, your advice is much appreciated
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Wed Feb 05, 2014 10:24 pm
Welcome ... I think best advice is to be honest with your IP and seek their understanding and support.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Thu Feb 06, 2014 3:12 am
How much did you stake to get that win Andy? And is gambling something you do a lot whilst in the IVA?

What did you spend the win on?
Regards, Melanie Giles, Insolvency Practitioner
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Thu Feb 06, 2014 6:29 am
Hi

It will be interesting to see how this will be dealt with by the IP

Regards
Andam Davies
 
 

martjase

User avatar
Posts: 17
Joined: Sat Jan 18, 2014 8:15 am
Location:

Post by martjase » Thu Feb 06, 2014 4:48 pm
Someone has been jailed for a similar thing although, it was a much larger win on deal or no deal.

I'm sure your IP will have something to say about this.

Good Luck.
 
 

ClareSilver

User avatar
Posts: 597
Joined: Tue Jan 15, 2013 2:15 pm
Location: United Kingdom

Post by ClareSilver » Fri Feb 07, 2014 8:46 am
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by martjase

Someone has been jailed for a similar thing although, it was a much larger win on deal or no deal.

I'm sure your IP will have something to say about this.

Good Luck.
This was to do with a bankruptcy case and the contestant was still bound by the terms of the bankruptcy order.
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”