If I come into money will I have to pay the remainder of current agreement or original debt ?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

Angie.j

User avatar
Posts: 1
Joined: Wed Nov 12, 2014 5:49 pm
Post by Angie.j » Wed Nov 12, 2014 5:49 pm
Quote
i have 17 payments left on my iva, if i come into some money during this time will i have to pay off the remainder of the current agreement or the remainder of the original debt? i am with freeman jones
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Nov 12, 2014 6:02 pm
Quote
If you inherit they will require whatever sum which will take you to repaying 100% of the original debt, plus fees and possible statutory interest. During any IVA these amounts are always owing and only at the end is any amount unpaid 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
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Thu Nov 13, 2014 5:01 am
Quote
It would be upto the amount of your original debt as foggy explains.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”