I know this topic is dragging on. What I said was, if someone in a PTD was to win say the lottery would they just have to repay debts in full? I was only surmising, this has not happened!! I saw a similar question on another site but this was for an IVA.

As far as im aware yes you would need to repay the full debts, plus trustees fees plus interest (which I think is normally 8% or something like that). Then the rest would be yours, think this is the same for any big windfall or inheritance ect. I was confused the way you worded your last post too as you said something about this having not happened or along those lines, it took me a few minutes to work out you weren't meaning the casino win but talking hypothetically about a big windfall 🙂

Yes, just wondered in the event. Unfortunately I only got 1 number this week, there is always next week haha

Hi there.

Gillianr2 is right with her answer, though contractual interest rates rather than 8% might apply.