Should my IVA end early now that sizeable PPI claims have been successfully made ?

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Kevin.66

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Post by Kevin.66 » Sun Aug 31, 2014 5:55 pm
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I've paid £11000 and had PPI refunds of 13000 and another refund of £3500 adding up to £27500 paid into my iva and my original debt was £32900 and and have 18 months left to go on my iva and make payments of £358 a month so should my iva end early ?
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Foggy

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Post by Foggy » Sun Aug 31, 2014 6:55 pm
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Hi -- the iVA will not end until all of the original debt of £32900, plus fees and possible statutory interest has been paid over. If you hit that figure in the next 18 months it will end early, if not it will continue to term.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Kevin.66

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Post by Kevin.66 » Sun Aug 31, 2014 8:12 pm
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Will I have to pay anything over 32,900
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Foggy

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Post by Foggy » Sun Aug 31, 2014 8:37 pm
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Yes, fees and possible statutory interest. Anything unpaid by the end of the IVA will be written off.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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