Hi-l have an IVA with Debt Focus. Do you know what the company's rules are concerning a pension lump sum? Do they take it, or not see it as a windfall?
Many thanks,
Ray
Pension lump sums are usually grabbed by your Ip company and paid across to your creditors. If you hit 100p in the pound plus fees, anything left is yours. Do you have to take it now or could you defer it until after your IVA has finished.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Many thanks-one other quick question-the amount that would be taken-would it be the amount agreed on to be paid i.e. £7k over 60 months, or the original debt e.g. 18k?
Thanks again
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
