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linrog

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Post by linrog » Wed Aug 26, 2015 4:20 pm
just a quick query am in interlocking iva with hubby when asking about full and final with drawdown of my pension tax free lump sum how do i word it that it is full and final for both our ivas from my pension drawdown i know i will say wont be drawn unless used as full and final just wondered how to word it that it is to settle both iva which are interlocking and we pay 1 payments pere month ty
Last edited by linrog on Wed Aug 26, 2015 4:25 pm, edited 1 time in total.
full final paid over 29/2/16 cc arrived 12/4/16 its all over
 
 

Michael Peoples

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Post by Michael Peoples » Wed Aug 26, 2015 4:28 pm
You have effectively written the answer. Just advise the IP that the drawdown would be to clear both IVAs as they are interlocking. I don't really see a problem and best of luck with the meetings.
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
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Aug 27, 2015 12:01 pm
Good luck!
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

kallis3

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Post by kallis3 » Thu Aug 27, 2015 2:50 pm
Good luck from me as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

linrog

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Post by linrog » Wed Sep 16, 2015 11:39 am
hi well I put forward an enquiry to what information I must give to ip to request a fulland finaloffer due to draw down of pension tax free lump sump which would be available feb 16 once I reach 55 I have been told to contact ip firm in January as I'm only allowed 30 days to get funds together I thought there was no time limit as it may take longer than 30 days to draw down funds as I would need to wait for ok off creditors or would not draw down so was trying to get the ballmoving now any avise gladly received
full final paid over 29/2/16 cc arrived 12/4/16 its all over
 
 

lifenoteasy

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Post by lifenoteasy » Wed Sep 16, 2015 11:45 am
Given the issues linked to pension companies on what you propose you would need confirmation from the IP that if you withdrew it that they would not take it under any circumstances - even if the f&f was not accepted.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

linrog

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Post by linrog » Wed Sep 16, 2015 11:53 am
that's why I was under the under standing that there was no timelimit to get funds but my company said only got 30 days
full final paid over 29/2/16 cc arrived 12/4/16 its all over
 
 

linrog

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Post by linrog » Wed Sep 16, 2015 12:19 pm
as I want confirmation in black and white beforei draw down and I thought it took 30 days to gain creditor meeting help
full final paid over 29/2/16 cc arrived 12/4/16 its all over
 
 

Michael Peoples

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Post by Michael Peoples » Wed Sep 16, 2015 12:21 pm
If you were offering third party funds then 30 days is reasonable for the funds to be introduced but this is not what you are offering. You need sacntion from creditors to proceed with what you are proposing and until this happens you will maintain the payments.

People put forward variations all the time asking to sell houses, draw down pensions etc and to say the funds have to be in within 30 days would be an impossibility. Either the person you spoke to did not understand what you were talking about or they were just making excuses for not calling a variation.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Sep 16, 2015 12:27 pm
Good advice from Michael.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

linrog

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Post by linrog » Wed Sep 16, 2015 1:41 pm
just spoken to customer service manager she has been brilliant and expalained the whole process so can start getting paper work together now yeahhhh heres hoping
full final paid over 29/2/16 cc arrived 12/4/16 its all over
 
 

Michael Peoples

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Post by Michael Peoples » Wed Sep 16, 2015 1:52 pm
Glad to hear it. Sounds like a misunderstanding so best of luck with the offer.
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
 
 

kallis3

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Post by kallis3 » Wed Sep 16, 2015 2:11 pm
Great news - good luck!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Sep 16, 2015 2:58 pm
Glad it was sorted - Thanks to Michael for his advice.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

linrog

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Post by linrog » Sat Sep 19, 2015 4:11 pm
LETTER DRAUGHTED P 60 BOTH ENCLOSED REDEMPTION PLUS VALUATION TO COVER EQUITY CLAUSE SENDING OFF RECORDED POST ON MONDAY SO NERVOUS
full final paid over 29/2/16 cc arrived 12/4/16 its all over
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