www.iva.co.uk

Full and final

Is it usual to be asked for a bank statement from a family member who is willing to settle our iva or is a signed letter adequate after all why would anyone make an offer if the funds were not in place, they say it's for money laundering purposes ?

Hi Simples. It is common practice and is in relation to money laundering regulations. It is not a case of the funds not being in place, more to prove their source is legitimate.

Hi

The IP is duty bound to comply with money laundering regulations so it is quite normal

Regards

We had to show a pension statement, to show where the money was coming from. This was before the creditors would even look at us settling. Then when it was accepted, a copy of our bank statement to show the funds had actually come from where we said they had!!!