IVA being extended.

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no money eva

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Post by no money eva » Sun Mar 16, 2008 3:40 pm
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I have got my creditors meeting on the 3 April.
does anyone know if it doesnt state in the proposal that payments will run for 6 years because of no equity, is this a modification that creditors can make if they feel it necessary and does this take any leaway out of the IVA.

Thanks again.
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MelanieGiles

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Post by MelanieGiles » Sun Mar 16, 2008 4:35 pm
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The new standard IVA protocol does not require an additional years' payments if you cannot raise any equity.
Regards, Melanie Giles, Insolvency Practitioner
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Skippy

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Post by Skippy » Sun Mar 16, 2008 4:59 pm
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Good luck for 3rd April
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emma_t

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Post by emma_t » Sun Mar 16, 2008 6:36 pm
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Good luck no money eva for the 3rd April x
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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no money eva

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Post by no money eva » Sun Mar 16, 2008 7:10 pm
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Thanks Melanie for that I didnt realise that they had taken out this modification with the new guidelines. I am relieved.

And thanks Skippy and Emma for the good luck, I am sure I will need it with a 22% return.

Thanks again
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