Posted: Sun Feb 24, 2008 10:24 am
If someone has an IVA and they then receive a lump sum of money (lottery win/will/gift) would they be expected to pay this towards the debt that they owe
Hi Pauline and welcome to tje forum
Yes - this would be payable to the Supervisor, but only to the extent of paying all claims in full, the costs of the arrangement to that point and statutory interest which runs at 8% per annum from the date of the creditors meeting.