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Posted: Tue Sep 20, 2011 7:47 pm
by john c
hello again, i meant to say on my previous question that the £20k is a windfall and not money i have paid already - does this come off the balance of an IVA owing 30k
Posted: Tue Sep 20, 2011 7:50 pm
by kallis3
You will always owe 100% of your debt plus fees. Your windfall will go towards that and if you can pay everything off in full then your IVA will complete. Otherwise it will continue until you reach the end or you pay everything off in full.
Posted: Tue Sep 20, 2011 7:54 pm
by Dominic
Most IVAs have a windfall clause so it is likely that the 20,000 willbe counted as that
Posted: Tue Sep 20, 2011 8:05 pm
by kallis3