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Posted: Fri Aug 20, 2010 10:24 am
by emma67
please can you explain to me what happens if you recieve inheritance whilst in an iva, can it be used to pay off an iva or is it just taken towards the debt... does it decrease the debt... please explain thank you

Posted: Fri Aug 20, 2010 10:30 am
by Michael Peoples
Any widfall goes to creditors in addition to the agreed payments. It increases the return and does not shorten the term unless creditors are paid in full.