ill have to give half of the money to iva people?

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aknibby

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Post by aknibby » Sat Apr 26, 2008 11:05 pm
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hello i have had an iva since feb now an alls going well but ive just arranged with my mortgage lender to have a payment holiday for a month and was wondering if i will have to give half of the money that would normally pay my mortgage to the iva people?
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Viki.W

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Post by Viki.W » Sat Apr 26, 2008 11:06 pm
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Hey aknibbly, welcome to the forum, that's a really good question and I'm sure an expert will answer that for you shortly, Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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sblack

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Post by sblack » Sat Apr 26, 2008 11:38 pm
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Hi,
Have you gained your IP's permission to take the mortgage payment holiday?
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
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MelanieGiles

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Post by MelanieGiles » Sun Apr 27, 2008 12:07 am
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Why has it been necessary to take a mortgage payment holiday? There is no need to pay over 50% of the saving to your supervisor, but if you are having to do this so early on into an IVA warning bells are starting to ring.
Regards, Melanie Giles, Insolvency Practitioner
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