After the 60th months payment

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freda.s

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Post by freda.s » Tue Oct 30, 2007 8:26 am
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After the 60th months payment can I then cancel the standing order or do I have to continue paying until the IP tells me not to? also we sold our house at the begining and we put 50% of the equity into the pot. Do we still have to pay 50% of the equity on our current property when the i.v.a is finalised?
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MelanieGiles

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Post by MelanieGiles » Tue Oct 30, 2007 8:29 am
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Check with your IP first regarding the payments. If you agreed to honour a particular dividend there may be a few more payments to be made if creditor claims were agreed at a higher level. With regard to your equity, what does the IVA proposal say on this?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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