My original debt was £13k and I've been paying £80 per month for 5 years. I've come into an inheritance,if I pay off the original debt will I get the 60 x £80 I've paid into my iva or will that sum be knocked off what I pay back.?
As ginger says - you always owe the full amount plus fees and possible statutory interest.
Anything left from your inheritance after that will be yours.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It's a shame youve received this so close to what I presume is the end of your IVA.
With windfalls all of your share of the inheritance is due into the estate until the totl debt, interest and costs are paid in full.
By my very rough calculations £13k plus 5 years statutory interest at 8% and assumed 15% fees amounts to c£21k. You have paid c£5k in so c£16k would be needed to pay everything off in full.
Obviously this depends on the costs and whether interest applies to your IVA (or whether creditors will agree to waive it)