I completed my IVA in 2009, started December 2007. What happens if I receive a lump sum ?

[nongnaleon]

HI,there
I have started and IVA December 2007 and have managed to completed in 2009,also received a completion certificate in 2010.But I believe that your name still on it for 6 years.I just wondering if I have lump sum of money coming now do I have to pay all creditor again or not.thank you

[Shining]

Hi, you should be off the insolvency register and your credit files can be repaired this year. Once you receive your completion certificate as far as I understand it you have fulfilled your obligations to your IVA and there no windfall would be payable into the IVA.

[Foggy]

Hi. The IVA will be on your credit files for 6 years from the start (so, until December). But, as Lesley says, you have had your completion certificate and so are free from any obligations under the IVA.

[MelanieGiles]

Unless the lump sum comes from a PPI mis-selling claim, which your IP may be entitled to have paid to him/her directly.