My inheritance will be paying off IVA almost completely.

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by Jujujojo » Sun Dec 10, 2017 9:51 pm
We have been in an IVA fir 4 years. Ive received inheritance and will be paying it off almost completely however my IVA company want almost £10,000 in charges +£2000 administration charges. We have already paid £11,000 into our IVA so wouldn’t these charges have been pain off within that amount?
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by Foggy » Mon Dec 11, 2017 7:55 am
I am afraid not ---- During the IVA you actually owe all of the original debt, plus fees and possible statutory interest. It is only at the end when anything unpaid is written off.

I am curious to know how they have split these charges -- what was your original debt amount before you entered the IVA ?
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