4th year clause

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S2004

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Post by S2004 » Sat Aug 08, 2009 11:24 am
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me and husband are having a varation meeting on monday to reduce our montly payments our IP is proposing the IVA to extend for and extra year makeing a 6th year IVA so they get back the same pence in £ my question is do we remoragae in the 4th year or the 5th year.
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Adam Davies

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Post by Adam Davies » Sat Aug 08, 2009 11:32 am
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Hi
If your chairmans report states the fourth year then it will still be that unless the variation adjusts that date to year five or six
Regards
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Sat Aug 08, 2009 11:55 am
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The variation should adjust that to the final year.
Regards, Melanie Giles, Insolvency Practitioner
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