Do we keep the balance of an inheritance ?

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Janet.02

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Post by Janet.02 » Fri Sep 12, 2014 5:08 pm
if my husband inherits £100000 and I our IVA is £16888 do we keep the balance
 
 

relieved33

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Post by relieved33 » Fri Sep 12, 2014 5:14 pm
You will keep the balance once 100% of your debt, statutory interest and fees have been paid.
 
 

sponge

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Post by sponge » Fri Sep 12, 2014 5:23 pm
You'll likely to have to pay 100p in the £ plus fee's plus statutory interest 8% or very similar to that. Probably need some legal advice but if dealt with beforehand maybe called financial planning
 
 

Foggy

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Post by Foggy » Fri Sep 12, 2014 5:28 pm
For the avoidance of doubt: 100p in the pound, and 100% of your debt, mentioned above, relates to the full original debt, not the projected IVA repayment.
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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