That's correct Michael, couldn't have wished for a better outcome - thanks again everyone

Hi all, Good news for me, I've had my offer accepted by my creditors, have just transferred the funds to my IP, they now have 3 months to finalise all the paperwork etc which will bring my IVA to a finish - thanks to everybody who commented and good luck for the future for everyone still in an IVA :-)

Hi all, Thank-you again for all the comments, I shall be asking to see a copy of the advice given, the variation meeting has been scheduled for the 19th January, about 4-5 weeks later than hoped but can cope with another payment, it's the end result I'm after and as yet haven't paid the funds across...

Thankyou

Michael thankyou

Would I be within my rights to put all your points and those of lifenoteasy in an email to my IP then?
I always feel as though I should be grateful they're dealing with it all for me and to just do as I'm told so to speak

lifenoteasy

thankyou - very good points

Lifenoteasy Are you saying not worth seeking my own advice? I would have liked to think that even within an IVA there would be an element of discretion on a case by case status, but maybe not? I have rotting skirting boards in my bathroom and ensuite as no window and no extraction, surely some of th...

Hi All, Thanks again for all the previous comments, I hope you'll all be as straight talking again after my development - I was awarded £22,000 compensation which is currently sat in my bank account. I received it at the beginning of November and emailed my IP with all the relevant info on the 3rd N...

Thankyou Lisa

Thankyou

Thanks all will keep you all updated

Hi Lisa I've spoken to my IP they will need to look into it as to whether its an asset or not but have said that if it is and is required to pay it all into the IVA I can still request a creditors meeting and put forward a f&f settlement plan.

Lisa I'm not sure what exactly a "windfall" is but as Michael says it isn't something out of the blue, it was mentioned in the early stages and the whole amount is to cover the cost of works needing to be carried out, there are no personal damages included

Michael that would be the perfect solution, I know its up to my IP how the compensation is treated and ultimately up to my creditors but from experience is this an option my creditors may go for? I realise it would just be an opinion

lifenoteasy you're correct, I actually have a report from an expert surveyor which states that until the stability of my property is proven my property is "without value". obviously everything has a value but I dare say it would not fetch full market value, I do however have no concerns regards its ...