can I renegotiate my payments

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skodawoman

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Post by skodawoman » Thu Feb 14, 2008 10:48 pm
i already have an IVA in place but i need to move house so i will not have as much disposable income can I renegotiate my payments
 
 

MelanieGiles

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Post by MelanieGiles » Thu Feb 14, 2008 11:24 pm
Hi there and welcome to the forum

That may be possible, but you will need to work out your new outgoings and then submit a revised income and expenditure account to your IP for them to review. If the reduction is significant, you may need to apply for a variation meeting for creditors to formally agree the amendment.
Regards, Melanie Giles, Insolvency Practitioner
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