How much do I owe on my IVA?

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william385
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by william385 » Fri Feb 01, 2019 3:04 pm
How do I find out how much do I owe on my IVA?
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kallis3
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by kallis3 » Fri Feb 01, 2019 3:26 pm
You need to speak to your IP. How long have you been in it?
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Foggy
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by Foggy » Fri Feb 01, 2019 4:02 pm
Depends on what you mean by "owe" ---- during the IVA you will actually still owe the balance of the full original debt, plus fees and statutory interest ( unless this has been excluded). This figure actually varies daily so it is not easy for your IP to give you an exact figure "on the fly".

Why do you need to know ?
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Lisa Thomas
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by Lisa Thomas » Mon Feb 04, 2019 9:33 am
Ask your Supervisor.

What figure is it you want? An idea of what to offer for a full and final offer, or to settle the IVA in full?

These are 2 very different questions.

You can probably work the first one out yourself, or we can help you, if you tell us how much your monthly contributions are, how many payments you have left, whether you are supposed to introduce any other assets into the IVA and whether you have equitable interest of over £5k in any properties.
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