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Posted: Fri Oct 19, 2007 10:16 am
by Pbryan10
Hi All, just a quick question. I am currently proposing an early settlement due to a reduction in income by selling my house (meeting 25th Oct)If they agree to the amount but I then can't sell my house would they still accept the same figure by way of a remortgage? Also how long after the creditors meeting do you have to actually pay the money over?
Cheers
Posted: Fri Oct 19, 2007 10:18 am
by MelanieGiles
I am sure that this would be acceptable, creditors won't really mind where the money comes from. The timing will be dictated by the terms of the variation, so discuss this with your IP.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp