hello again, i meant to say on my previous question

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

john c

User avatar
Posts: 18
Joined: Sat Aug 21, 2010 5:26 pm
Location: United Kingdom
Post by john c » Tue Sep 20, 2011 7:47 pm
Quote
hello again, i meant to say on my previous question that the £20k is a windfall and not money i have paid already - does this come off the balance of an IVA owing 30k
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Tue Sep 20, 2011 7:50 pm
Quote
You will always owe 100% of your debt plus fees. Your windfall will go towards that and if you can pay everything off in full then your IVA will complete. Otherwise it will continue until you reach the end or you pay everything off in full.
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
 
 

Dominic

User avatar
Posts: 747
Joined: Sun Sep 24, 2006 4:00 pm
Location: United Kingdom
Post by Dominic » Tue Sep 20, 2011 7:54 pm
Quote
Most IVAs have a windfall clause so it is likely that the 20,000 willbe counted as that
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Tue Sep 20, 2011 8:05 pm
Quote
http://iva.co.uk/forum/topic.asp?whichp ... 311#394319
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
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”