I have had an iva since 08/11 original debt was £31000 Iva £16600. I received payment from a ppi which went towards this so i have now paid £26000. I thought only the remainder of £5600 to pay. However i will shortly be receiving inheretence, which i now understand goes to paying off admin fees and interest. They have quoted me £33,445. That i have to pay. Surely this is an astounding amount of money for me to pay back that would be a total of £65000. original debt £31000.
Those figures definitely do not seem correct, although you do have to take account the costs of the IVA including your IP's fees if you are looking at paying 100p in the £. I'd be very interested to know how costs of £28,000 have been calculated, assuming that you do not have to pay statutory interest.
Check out the point on statutory interest, as if you are required to pay this on the basis of receiving a windfall, that would equate to around £6,500 of the difference.
