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Posted: Mon May 06, 2013 1:22 pm
by Frazzled.1
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.
Posted: Mon May 06, 2013 1:32 pm
by Adam Davies
Hi
Chat through your situation with your IP, I would think that under the circumstances a full and final IVA would work
Regards
Posted: Mon May 06, 2013 2:46 pm
by plasticdaft
Was the situation not made clear at the start of the iva? Which firm do you use for the iva?
Paul
Posted: Mon May 06, 2013 4:03 pm
by Broke of London
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
Posted: Mon May 06, 2013 9:31 pm
by Shining
Hope you got some answers to your question from above. Do have a chat with your IP as advised.