Payment Break

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anap

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Post by anap » Tue Oct 18, 2016 12:06 am
When you have a payment break and have to pay extra month's at the end do you pay at the rate at which you paid when you took the break or the rate of the final month?
 
 

watzki

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Post by watzki » Tue Oct 18, 2016 7:06 am
We paid the amount we paying at the time of the payment break was taken
Today 1st of December 2016 the vultures finally flew away
 
 

Michael Peoples

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Post by Michael Peoples » Tue Oct 18, 2016 9:18 am
If it was a missed payment and the entire arrears were not cleared by the end then it should only be that amount of cash. If however you had a six month break and the arrangement was extended then it would be at the current rate of your surplus income. Check with your own IP who can clarify your position.
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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