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by JonRaz
Sat Sep 04, 2021 1:12 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA and inheritance
Replies: 6
Views: 2973

Ah, yes. The Nominee fee says "will not exceed £1500" but this appears to have been taken already from payments in the first years statement. The lines that concern me are: "The supervisors remuneration will be the aggregate of: - The balance of any "blended Fee" payable to the supervisor and - A re...
by JonRaz
Sat Sep 04, 2021 9:28 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA and inheritance
Replies: 6
Views: 2973

Thankyou for your replies. It does seem to be that way. The fees look to be 35%! So they would be taking ~61k!?! The IVA is 100p£ so the creditors were always getting fully repaid anyway. If every payment was followed as planned I would pay ~46.5k. This seems incredibly unfair that they can grab so ...
by JonRaz
Fri Sep 03, 2021 11:43 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA and inheritance
Replies: 6
Views: 2973

Hello. I am about 2.5years into my IVA and am about to receive an inheritance. A rough estimate from my last annual statement and what I have paid in since would seem like there is ~41k left to pay. The inheritance is very likely to be in excess of 60k or greater. I consider this enough to clear the...
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