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Posted: Wed Nov 18, 2015 8:53 am
by Katie.40
If I inherit say £20000, is there any chance I could keep a small amount as need to pay for some work on the house.
Posted: Wed Nov 18, 2015 8:56 am
by lifenoteasy
You would need to speak to your IP (not least because the inheritance may place you in a position to help close down the IVA).
Posted: Wed Nov 18, 2015 9:04 am
by Michael Peoples
It sounds reasonable and if your IP has the discretion they can do this. Otherwise it would require another meeting of creditors and they usually allow this anyway. Try and provide any backup you can such as quotes for the work needed.