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Cally

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Post by Cally » Fri Oct 19, 2007 4:58 pm
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i am in an iva at the moment but i am seperating from my partner - i need to get the money for a deposit for a new flat but i dont have it to spare, if i borrow the money from my family i will have to pay them back somehow - i dont know what to do...
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Adam Davies

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Post by Adam Davies » Fri Oct 19, 2007 5:48 pm
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Hi Cally
You need to inform your IP of the situation.Will you be able to continue paying your IVA when you have moved ?If so your IP may allow a two-three month payment break to help you fund the deposit.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Fri Oct 19, 2007 9:17 pm
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So long as the deposit is for a modest amount, the IP ought to allow you a short payment break in order to repay your family, however this must not lead you to miss more than 3 IVA payments or else your arrangement will fall into default.

Are you going to be able to meet your existing IVA payments when you will be living on your own?

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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