What happens if I come into a windfall after finishing my payments in May ?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Sallyd288

User avatar
Posts: 6
Joined: Sat Jun 16, 2012 12:12 pm
Post by Sallyd288 » Wed Nov 28, 2012 2:31 pm
Quote
If I come into a windfall after finishing my payments but still waiting for certificate will I have to pay all the debt back I finished by Iva in may but have not heard anything
Top
 
 

Heretoday

User avatar
Posts: 454
Joined: Tue Jun 19, 2012 2:51 pm
Location:
Post by Heretoday » Wed Nov 28, 2012 2:37 pm
Quote
Technically, any windfall that you get before you receive your completion certificate could be claimed by the IVA.
7 years after starting an IVA I finally received a completion certificate from ClearDebt
Top
 
 

orchid5

User avatar
Posts: 1814
Joined: Sat Jul 05, 2008 2:37 pm
Location: United Kingdom
Post by orchid5 » Wed Nov 28, 2012 4:18 pm
Quote
Hi and welcome Sally, i would ask your IP to be honest, i like you have finished and just awaiting my CC, some hope! However i asked this question as i have got a letter stating that my obligations have now been fulfilled and i have been told in writing that should i be fortunate enough to come into a windfall or inheritance it is mine to keep, good luck and best wishes. x
Last edited by orchid5 on Wed Nov 28, 2012 4:19 pm, edited 1 time in total.
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.

IVA COMPLETED August 2012, received Completion certificate 18.4.13.
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Wed Nov 28, 2012 7:43 pm
Quote
I believe it depends on the terms of your IVA and your own IP's viewpoints...have heard very mixed views on this, but I would sincerely hope some common sense and compassion is given if this should happen....after all having fulfilled all of the conditions of your IVA and finished your payments is a massive achievement and one that should be seen to complete your IVA - the issue around certificates taking so long to come through does unfortunately cause this to be an ongoing topic of conversation.....your own IP should be able to give an indicative answer for you.

Well done for coming to the end of your IVA x
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”