Compensation awarded against a payday loan company. Do I have to pay it into IVA ?

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Stephend0890

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Post by Stephend0890 » Tue Nov 08, 2016 3:59 pm
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Complained early this year against a payday loan company about irresponsible lending from 3-4 years ago, today got offered £6000 compensation, now a month ago i entered into a iva arrangement agreed and now running, this payday company there is no debt so do i have to declare and pay this compensation in? After all this was a long running complaint before my iva
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Foggy

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Location: United Kingdom
Post by Foggy » Tue Nov 08, 2016 5:26 pm
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Yes, it is a windfall and payable to your creditors. The timing is of little relevance.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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