www.iva.co.uk

Hello there
My parents live abroad, and have experessed their keen desire to help out should I experience difficulties in paying a car MOT bill, covering unexpected expenses especially related to my children , or to go and see them. The only way they can do this is by bank transfer and for the odd amounts that would not exceed £500. Would that be considered as windfall?

Thanks in advance for any responses.

Mrs R x

Hi, I wouldn't have thought it would be a windfall. And even though I am well into the iva I am still not sure on some things.

I know that my parents and inlaws have helped out a lot in the past couple of years.

Someone should be around to answer soon. xx

ramla-do you have a savings account this money could be paid into as we are allowed them in iva-keeps the money separate.

Keep a record of the payments and explain them to your IP. Relatively small gifts and assistance payments are not windfalls particularly if the funds are given for the aid of children.

My parents have paid for a car service and tyres before for us with no problems.

My mother-in-law bought my hubby a new drill earlier in the year as without it he couldn't work and his blew up. I did inform my IP and all was fine, the key is to keep your IP in the loop. x

Thank you everybody; you really have lifted a weight off my shoulders[:I]

Andrea, yes I do have a savings account where I keep aside car repair/clothes/entertainment/special occasions allownces. That's probably where I'd ask my parents to send the money whenever they feel generous[8)] which isn't that often i must say[:D]. And Michael, thanks for the tip-i shall keep receipts should my IP require them. Oh, and Kallis, you're a STAR; you're always there for all of us[:X]

There's so much we re not sure of in an iva-thank God for this forum[;)]

Till the next pickle, I wish you all a Merry Christmas and a Happy New Year x

Thank you everybody; you really have lifted a weight off my shoulders[:I]

Andrea, yes I do have a savings account where I keep aside car repair/clothes/entertainment/special occasions allownces. That's probably where I'd ask my parents to send the money whenever they feel generous[8)] which isn't that often i must say[:D]. And Michael, thanks for the tip-i shall keep receipts should my IP require them. Oh, and Kallis, you're a STAR; you're always there for all of us[:X]

There's so much we re not sure of in an iva-thank God for this forum[;)]

Till the next pickle, I wish you all a Merry Christmas and a Happy New Year x

Thank you Ramla, glad your mind is at rest now.

Hope you have a nice peaceful Christmas and a good New Year.

It's just their desire to help you. It will be helpful, so don't see any problems.

Hi ramla

Getting financial help from your parents in the way you have suggested is not going to cause you a problem.

One suggestion I would make. If the payments you receive are likely to be significant, you should clear them with your IP first. For example, if your parents are suggesting they will pay for flight tickets for you and your children, this could certainly cost hundreds. In this situation, I would speak to your IP first and explain that the money is specificaly for the tickets and will not be available for anything else but such.

In this way it could never be sugested that the payment was windfall which could have been used to pay your creditors

My daughter gave us money for a holiday last year and I did not mention it to my IP at all, just went and booked it.

what a lovely idea that your parents can help out with some things