Am I now covered by the new modification protocol after signing ?

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Chrisdn88

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Post by Chrisdn88 » Sat Aug 16, 2014 9:53 am
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Hi i have a 6 year iva took out in 2008. Within the equity part it states about the 85% LTV bit, and then states that if the equity is £5000 (GROSS)or less then it is disregarded.I have recently signed the 2014 protocol and this has been agreed by the creditors. The New protocol states £5000 (NET)or less.Am i now covered by the new modification/protocol which states NET.
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Michael Peoples

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Post by Michael Peoples » Sat Aug 16, 2014 3:23 pm
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You need to check this with your own IP and if so you should ask why this was not explained to you when you agreed to the changes.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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