paying your IVA off with a lump sum?

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helpIVA

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Post by helpIVA » Wed Oct 15, 2008 8:36 pm
I am sure i read somewhere that you can pay your IVA off in a lump sum? How is this amount worked out and what is it based on?
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Lisa2009

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Post by Lisa2009 » Wed Oct 15, 2008 8:43 pm
Depending on where the lump sum was coming from, you would need to offer as close to or more than the promised dividend.
If for instance, the money was from such as a lottery win which would enable you to pay back your original debts then that would be what you needed to pay.
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MelanieGiles

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Post by MelanieGiles » Wed Oct 15, 2008 9:21 pm
You should ask your supervisor to work out a figure for you based upon returning the original dividend as a starting point. Where would you be able to get funding from to make this offer?
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helpIVA

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Post by helpIVA » Thu Oct 16, 2008 8:36 am
This is just a question and not sure if it is even possible. Parents house may be sold, if so i think they would help out
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