Iva and windfall

Get expert opinion. This is the place for new questions to be posted.
  • 1
  • 2
17 posts Page 2 of 2
Posts: 8
by Worried35 » Sun Aug 19, 2018 6:39 pm
Foggy wrote:
It is not possible to be definitive .. one year they might ask for 3 months, another year they might decide 6 --- if they are looking for something they could ask for them all !

Thank you Foggy
User avatar
Lisa Thomas
Industry Expert
Posts: 7193
by Lisa Thomas » Mon Aug 20, 2018 8:38 am
If you don't declare this then you could breach and fail your IVA. Also the Executors will have a duty to check whether you are in an IVA and hand the money over to your IP.

You need to be prepared to lose the windfall, unless and until the total debts, interest and costs have been paid in full - then you should receive any surplus back.
  • 1
  • 2
17 posts Page 2 of 2
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 22 guests