could E.P.P pension be used towards an I.V.A,

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peel7

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Post by peel7 » Mon Oct 01, 2007 11:05 am
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I currently have approx £35000 in an E.P.P pension, could this be used towards an I.V.A, my current level of debt is approx £50000,unsecured,spread over 2 loans and 3 credit cards.Thank you,
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Adam Davies

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Post by Adam Davies » Mon Oct 01, 2007 8:25 pm
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Hi
Only if you are over 55,or will be during the IVA, and can release a lump sum,otherwise it can,t be used.
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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Oliver

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Post by Oliver » Tue Oct 02, 2007 9:10 am
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Only if you have th ability to release these funds.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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iva experts

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Post by iva experts » Tue Oct 02, 2007 9:30 am
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Hi peel7 and Welcome,

In an IVA or Bankruptcy your pension amount is protected and you cannot be made to release funds, however creditors can ask that you stop paying monthly contributions.

I would check the terms and conditions of your pension fund to see when you are able to release funds.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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