Hi - I'm just over 12 months into my IVA, getting there slowly but surely (this forum was invaluable when I was going through that process)
Before I entered into the IVA I fell prey to a fraud (holiday booking, non existent property). It wasn't the best of times but I've since filed it away on the 'lessons learnt' shelf.
Fast forward to now, and I've discovered that other victims of the same fraud are having some success in reclaiming money they lost via the financial ombudsman.
My question is, if I was to go down the route of battling for some sort of recompense, does this go into my IVA pot?
Being totally honest, I've a feeling it would be a long drawn out battle if I decide to go for it and if the end result is that the monies go straight into the IVA pot then I would struggle to find the motivation to fight that battle.
We lost around £2,000 in total for a group of 10 - my family share was £1,000 lost.
Would be grateful if anybody has had any experience or knowledge of this.
Many thanks
You should discuss this with your IP as it would be an asset of the IVA which means the IP could chase it. However given the amount of money involved it may not be cost effective so the IP may agree to a split if you do all the legwork. No harm in asking but do not incur any costs.
