IVA PAYMENT DEFAULTS

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RULTS

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Post by RULTS » Sat Apr 19, 2008 10:46 am
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MY HUSBAND AND I HAVE BOTH BEEN IN IVAS FOR APPROXIMATELY 18 MONTHS AND HAVE NOT MISSED ANY PAYMENTS (ALTHOUGH THINGS ARE SOMETIMES A BIT TIGHT). HOWEVER, MY CAR (WHICH I NEED TO BE ABLE TO TRAVEL TO AND FROM WORK) HAS GONE SERIOUSLY WRONG AND WILL COST QUITE A BIT TO PUT RIGHT. IS THERE ANY WAY THAT A PAYMENT CAN BE MISSED FOR THIS SORT OF PROBLEM WITHOUT CAUSING THE AGREEMENT TO 'COLLAPSE'??
TRACEY
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MelanieGiles

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Post by MelanieGiles » Sat Apr 19, 2008 10:48 am
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Hi rults and welcome to the forum

I am sure that your IP will allow you to miss a payment to help find a replacement car. You will need to ask them, but I certainly would allow this if I were your IP.

Let us know how you get one.
Regards, Melanie Giles, Insolvency Practitioner
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RULTS

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Post by RULTS » Fri May 23, 2008 9:41 pm
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JUST TO LET YOU KNOW I TOOK YOUR ADVICE AND PAYPLAN HAVE AGREED TO LET ME MISS MAY AND JUNE PAYMENTS - THEY WILL BE TAGGED ON TO THE END OF THE PLAN.
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Adam Davies

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Post by Adam Davies » Fri May 23, 2008 9:51 pm
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Hi
A good result
Your IP and creditors want your IVA to succeed,some help will almost certainly be needed within the five years and I would guess that very few IVAs run the full course with no missed/reduced payments
Regards
Andam Davies
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