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Posted: Sun Jun 02, 2013 12:41 am
by Susand4616
If I have paid my Iva 100p in the pound from the inheritance that I have had will I have to pay any more to them from what is left
Posted: Sun Jun 02, 2013 1:17 am
by plasticdaft
Ip fees and statutory interest plus 100p/£(ie all your original debt) is the most you will pay.
Paul
Posted: Sun Jun 02, 2013 5:30 am
by luluj
It will depend on the terms of your IVA proposal as to whether statutory interest is paid. Some IVAs do ask for this others don"t - equally if yours does you can discuss with your IP to see if a proposal to creditors can be put forward to remove that clause. I was in this situation and we were removed from the need to pay it and our IVA concluded at this point.
Posted: Thu Jan 01, 2015 9:10 pm
by Magpie28
It is now 8 months after we finished paying our 61 IVA installments.
We have received the documents relating to our variation meeting in January 2015. Our anticipated dividend is 100%. Is there anything in this letter that we need to sign and return?
Also we would like to know if there will be any additional charges when our IVA is closed?
If at this variation is accepted by our creditor's, would this then bring our IVA to closure?
Any advice would be most welcome, many thanks.
Magpie.
Posted: Fri Jan 02, 2015 11:55 am
by Michael Peoples
If the variation is approved than the IVA will be closed down. I assume the variation is to exclude statutory interest as otherwise I am wondering why a variation has been called at all.