What will happen to lump sum in IVA

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Sonia.jj

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Post by Sonia.jj » Thu Sep 27, 2018 2:09 pm
I have paid 6 years into my Iva the company have a lump sum that I also paid them what is going to happen to the lump sum

kallis3

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Post by kallis3 » Thu Sep 27, 2018 2:45 pm
Will the lump sum pay off your total debt plus fees?
Sharing from experiences of dealing with debt
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Foggy

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Post by Foggy » Thu Sep 27, 2018 2:52 pm
What is this lump sum ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Fri Sep 28, 2018 10:48 am
Assuming it was paid in as part of the ordinary terms of the IVA then it will be used to pay towards the costs of the IVA first then any dividend available to your creditors.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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