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Posted: Fri Sep 12, 2014 5:08 pm
by Janet.02
if my husband inherits £100000 and I our IVA is £16888 do we keep the balance
Posted: Fri Sep 12, 2014 5:14 pm
by relieved33
You will keep the balance once 100% of your debt, statutory interest and fees have been paid.
Posted: Fri Sep 12, 2014 5:23 pm
by sponge
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
Posted: Fri Sep 12, 2014 5:28 pm
by Foggy
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.