When will I get my money back once repaying creditors?

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susan489

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Post by susan489 » Wed Oct 06, 2021 4:42 pm
The sale of my house completed on 29/9/21 and the balance from the sale, 65k, was received by them on 1/10. My debt is slightly under 30k do I have to wait until all my creditors are paid before I get any of my money?

Foggy

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Post by Foggy » Wed Oct 06, 2021 6:30 pm
Your IP should be able to calculate the sum required to close the IVA and repay the balance almost immediately --- if, say, you were writing to them for a settlement figure they could provide that within a few days --- this is no different.
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

susan489

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Post by susan489 » Wed Oct 06, 2021 6:35 pm
Thanks Foggy that’s what I thought but I’ve been told 3/6 months!!
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