Posted: Thu Mar 15, 2007 9:58 pm
If I get accepted for an IVA and win £20k on the lottery-do I lose it all to my creditors?
Hi Mick
That will depend entirely upon the actual terms of your proposal - but the answer is extremely likely. I am sure that if you owe people money, you would be delighted to have them share in your good fortune.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk