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Frazzled.1
- Posts: 3
- Joined: Tue Mar 22, 2011 6:48 am
My husand and I are in a joint IVA, he was already retired when we began it but I am due to retire soon. My pensions will not make it viable to pay more than £50 pm to the IVA. would my retirement lump sum be treated as a windfall or could it use it to just continue to pay the IVA payments as agreed until the end of the term.I ask because if the offer of a full and final settlement is refused and we don't have enough income to pay the IVA we could lose our home couldn't we so it would seem to me perhaps we should "let sleeping dogs lie" if the IVA co. agreed.
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
Hi
Chat through your situation with your IP, I would think that under the circumstances a full and final IVA would work
Regards
Andam Davies
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
Was the situation not made clear at the start of the iva? Which firm do you use for the iva?
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Broke of London
- Posts: 7761
- Joined: Sun Sep 05, 2010 6:04 pm
- Location: United Kingdom
Have you checked your paperwork? This may ave been planned at the outset if you're at normal retirement age.
Your IP will be a great source of advice and will be able to help you through. No one wants you to lone a cropper now.
x
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Hope you got some answers to your question from above. Do have a chat with your IP as advised.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
