Missed payments

2 posts Page 1 of 1
Post Reply
 
 

jillybean

User avatar
Posts: 21
Joined: Mon Jun 25, 2007 6:06 pm
Location: United Kingdom
Post by jillybean » Sun Mar 30, 2008 11:12 am
Quote
We missed our Dec 07 and Jan 08 payments. No problem with IP just confirmed the arrears to be paid back over the next 12 months. Problem is now we find ourselves with two additional expenditures (car problems and dental problems)and no money to sort either out. If we miss April payment will there be any serious concequences?
My husband has also had a basic salary for March (no overtime) but they have promised April will be busy so we could send more to IP in May.

Thank you
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Sun Mar 30, 2008 3:00 pm
Quote
Answered on your earlier post - but if you can try to not go three months in arrears you are not formally in default of the arrangement.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
2 posts Page 1 of 1
Return to “full and final settlements”