IVA/Q's please

castle96 Forumite Posts: 2,820
Part of the Furniture 1,000 Posts
"write off UP TO 81% of your debt..."  Keep hearing this on the radio. Friend did an IVA 6 mths ago (fee was £3k. "My IP made conference calls to call creditors - nil response" ALL of your (non-personal) - He was Coy Dir - debts are now FULLY written off. Nil payable"   CAN this be true??  Figure is £300k. He is making no monthly payments (nor earning)
He is due to receive an inheritance from a Will. Is this at risk of forfieture?   Dont IVAs last for 6 years? Dont you have to make an agreed month payment towards the debt?  Surely you can't just get away with it??    TIA


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