Final settlements

3 posts Page 1 of 1
Post Reply
 
 

Casey3939

User avatar
Posts: 1
Joined: Tue Jun 07, 2016 8:45 am
Location:
Post by Casey3939 » Tue Jun 07, 2016 9:00 am
Quote
Iam going into my last 10 months of my Iva and I pay 290 month. I've just landed a big win and wonding will there take all my winnings of me. Cheers
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Tue Jun 07, 2016 9:10 am
Quote
Hi and welcome,

They will take as much of the winnings that will potentially pay off your original debts in full plus fees and possibly statutory interest.

Anything left will be yours.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
Top
 
 

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am
Post by Lisa Thomas » Tue Jun 07, 2016 9:38 am
Quote
Yes this will be a windfall and you have to declare it and pay it over to your IVA or you could be in breach and fail the IVA causing all sorts of issues.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
Top
Post Reply
3 posts Page 1 of 1
Return to “full and final settlements”