I am currently in an IVA programme to repay approx £16,500 of debt, my question is I have been left approx £3,500 from an uncle who recently passed away, I was wondering when I eventually get this money, will I have to give it all towards the repayment immediately, as I could do with some home improvements that need to be carried out when otherwise I wouldn't be able to afford them? I look forward to your reply, thanks. Matt
Hi. Officially it all has to be handed in to the IVA, however, you could ask to be allowed to retain some ( but it is unlikely for non-essential repairs ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014