Will monthly payments still be reduced

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vanessa.d

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Post by vanessa.d » Mon Mar 31, 2008 5:29 pm
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Hi. when my IVA was proposed it was agreed I would pay £1400 month from Oct til May when my son will be 18 and maintenance stops, then £450 per month. However the IVA took a long time to be accepted and payments did not begin until December. Will monthly payments still be reduced in May when my income reduces?
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pixie

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Post by pixie » Mon Mar 31, 2008 7:04 pm
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Hi Vanessa
Have you checked what is written within your proposal? Your IP would be able to advise but I wouldn't have thought there would be a problem. You can't pay something that you don't have.
Pixie
'Welcome to where ever you are, this is your life you've made it this far, welcome, you've got to believe right here right now is exactly where you're meant to be'
IVA started may 07 ended dec 08
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MelanieGiles

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Post by MelanieGiles » Mon Mar 31, 2008 11:54 pm
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The payments will reduce in May as originally planned.
Regards, Melanie Giles, Insolvency Practitioner
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vanessa.d

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Post by vanessa.d » Wed Apr 02, 2008 10:08 am
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Thanks. Since my IVA was accepted I have have received nothing from Varden Nuttall. Should I have any kind of contracts or confirmation sent. I had a phone call saying my IVA had been accepted by 0.1% but no other contact. Just feel I might be missing something?
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MelanieGiles

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Post by MelanieGiles » Wed Apr 02, 2008 10:13 am
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You should have been provided with a copy of your Chairman's Report within 4 days of the creditors meeting, and most IPs will also send you a confirmatory letter detailing the main terms of your IVA and confirming key points of which you need to be aware.
Regards, Melanie Giles, Insolvency Practitioner
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vanessa.d

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Post by vanessa.d » Wed Apr 02, 2008 10:28 am
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Thanks Melanie. I will call them and ask for it. I always feel better talking to you!
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MelanieGiles

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Post by MelanieGiles » Wed Apr 02, 2008 11:12 am
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Any time Vanessa - there is usually one of the experts on line at any time.
Regards, Melanie Giles, Insolvency Practitioner
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