I had my creditors meeting on April 30th and it was approved with modifications although I don't see what the difference between this agreement and what I was told before the meeting were. Clydesdale and HSBC accepted and capital one, and asda and paypal credit cards rejected but the overall acceptance was over 80%.
I have not yet made my first payment towards this though, it should go through this week though. Does the duration of my IVA start from the date of my first payment and last until the 60th?
Another few questions: What is classed as a windfall? If I win £5 on the thunderball they wouldn't want me to declare that surely...and if I won more than my debts worth I'd pay my creditors back in full gladly - but something in between (like for example £100) wouldn't put a dent in the debt so would I still need to declare it? I'm aware of bonuses and overtime - I need to declare those within 14 days and would be expected to pay 50% of the extra to my creditors. I believe gifts don't count as windfalls either, is that true? Also, if I didn't declare a large lottery win that would give me a little breathing space but again wouldn't put a dent in the debt would my IP find out?
Had a weekend with the family and they asked me these questions and I had no answer to them...so I hope someone can help here
