If i took out an IVA and i came into a bit of money is it like bankruptsy, where you have to tell them...

Question

If so, would they take it off you and make you pay more?

Answer 1

How much money?

A few quid, or a few hundred would make no difference but, if you suddenly found yourself sitting on a pile worth thousands, you should, by rights, offer to pay off some or all of your debt(s) with it.

Remember that you borrowed the money, and it is your responsibilty to pay it all back.

Answer 2

No, an IVA is a voluntary agreement between you and your creditors where you pay off so much a month.  If you have a little extra & you want to put it towards your debts you can but otherwise you can keep it.  

Answer 3

Yes i am afraid you do.It's called the winfall clause.But you could put it in a bank account that they do not know off and they will never know!