Settling IVA - how much will I need to pay?

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Graham.74
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by Graham.74 » Fri Jul 13, 2018 3:53 pm
Hi,
I'm into my 3rd year of my IVA. I will soon be coming into some inheritance - more than enough to cover the amount of my IVA.
What I'm confused about is what exactly I will be paying out on? Will the monthly payments I've been paying over the past 2 years be deducted from the final amount? I've also had PPI and some work related bonuses been paid into my IVA will these come off the final amount too?
Can you help shed some light please. Many thanks.
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Foggy
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by Foggy » Fri Jul 13, 2018 3:55 pm
They will take enough to cover the full original debt plus fees and possible statutory interest, less receipts so far.
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