Hi and welcome to the forum. I would guess if and when the IP finds out the IVA would fail and as it's a serious matter legal proceedings can take place.
Best not to hide anything as these things have a habit of coming back to us when we least expect it. In respect of income then I would think payslips would pick up any increase, as with the windfall, if it's on the bank statement an IP may recognise this as a windfall. However, I acknowledge not all IP's ask to see bank statements.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I agree. I have taken the step of being upfront with my IP about additional credit taken out and things have got really serious but in the long run the stress of hiding it was worse
Is this a hypothetical question Gailm or is this something which has recently happened to you? All cases are viewed on an individual basis by IPs, so it is pretty difficult to give definitive advice on such a wide issue - but in summary if you fail to declare a windfall you will have breached the terms of the IVA in some shape or form, and therefore there are bound to be consequences.
Micheal I have a lot of respect for you and your valuable input to this forum. I don't always agree with what you say but you seem a straight and fair guy.
However, surely that is complete *******. You would be unlucky to get 9 months for burglary or GBH
**Post edited. Please remember the ethos of the forum, respect for all**
Last edited by mole on Wed Dec 11, 2013 2:18 pm, edited 1 time in total.
I am sure that if Michael has made such statement then it is true mole. To suggest otherwise seems a tad disrespectful - and did you really have to make such comments?
Mole .... Please refrain from using that kind of language on this forum. We pride ourselves on the forum for respecting each other and such distasteful remarks will not be tolerated against other forum members.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
I would not make up such a thing and how the law treats different crimes is a totally separate argument. I can assure you this did happen but obviously I will not be publishing the details on a public forum.
I tend to believe what Michael says in this instance as a crime involving money always seems to have bigger sentances than robbery or gbh.its as sad reflection on how things are when money crime is seen as more serious than crime that involves pain and suffering.
cc received 6th January 2014 now upwards and onwards
Mole.
There was a contestant on 'deal or no deal' who won £35k and he did not disclose this to the Official Receiver despite being bankrupt. He was jailed for 13 weeks and if you do not believe me you can google Andy Barker, Deal or No Deal and jail.
