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Notlongnow

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Post by Notlongnow » Thu Feb 07, 2019 6:14 pm
Hi All,

Just awaiting my completion certificate and have been sent some paperwork to sign and it refers to a court case Green v Wright regarding asset recovery after being discharged from the IVA and being debt free.

Question is...... My IVA has a clause in it regarding and windfall must be paid to creditors. Green v wright was regarding PPI, so say for instance I received a windfall from say my parents will after death, would my IP and creditors still have a claim to that money even years after the IVA was finished?

Thanks

kallis3

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Post by kallis3 » Thu Feb 07, 2019 6:55 pm
Inheritance will be fine but PPI is still due to your creditors.
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

Foggy

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Post by Foggy » Thu Feb 07, 2019 6:57 pm
As long as any windfall became due to you after the completion of the IVA it will be yours. The thing about PPI was that it existed during the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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