Interlocking IVA

MarkSim_2

Hi I have asked this question  on another thread  but would really appreciate a professionaly qualified 

My wife and i are in year five of our iva. Our son has a uni place and we are expected to contribute  5k of his maintenance award. As we are in an iva we can't do that. The IP treats our son as non dependant, Student  finance england treat him as dependant. Seems unfair on him, he is not responsible for our debts

However, my wife will shortly receive an inheritence. It will be sufficient to cover 100% of her original debt plus fees. I can see no mention of statutory interest on our IVA agreement, which is the standard protocol for the time (2020). It would also leave her enough to make a contribution to our sons living expenses.

MarkSim_2

So my question is, would the ip demand that any surplus be paid into my iva or could my wife keep the surplus as her asset to contribute to my sons uni expenses

Grumpelstiltskin

Please don't keep starting new threads, keep everything together on one.

The contributors on here are not professionally qualified , they are volunteers giving their time to try and help people. they may have knowledge of IVAs but usually from the sidelines.