Settling IVA - how much will I need to pay?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1


User avatar
Posts: 2
Joined: Wed Apr 27, 2016 8:45 pm

Post by Graham.74 » Fri Jul 13, 2018 3:53 pm
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.


User avatar
Forum Expert
Posts: 28165
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post 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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here :
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”