Will the 50% of my yearly bonus which goes into IVA means it ends early ?

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Chrisd1865

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Joined: Mon Aug 17, 2015 10:04 pm
Post by Chrisd1865 » Mon Aug 17, 2015 10:04 pm
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If I'm in an 6 year iva and receive a yearly bonus of which 50% gets paid into the iva and I keep up with my monthly contributions which may mean I clear the original debt early. Will the iva be stopped early?
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Foggy

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Location: United Kingdom
Post by Foggy » Mon Aug 17, 2015 10:13 pm
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If you hit 100% of the original full debt plus IP fees and possible statutory interest the IVA will end early.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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