We were told our IVA was to be terminated in Nov 2015

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Lisadj51

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Post by Lisadj51 » Mon Jan 25, 2016 6:28 pm
we were told our IVA was to be terminated in Nov 2015 as I didn't pay in redundancy funds within 30 days, I chased this January and still not done, over last few days a different department has contacted me saying that they are going to contact the creditors and ask them to accept payments made to date as a full and final settlement. It's just over 3 months of payments short from the end, 2 I wools have paid but they told me to cancel the standing order which is really frustrating. My question is do you see this as something my creditors may accept??
 
 

kallis3

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Post by kallis3 » Mon Jan 25, 2016 6:36 pm
Hi,

You need to chase this with your IP - sorry I can't help you any further. Hopefully one of the experts can advise.
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.
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Lisa Thomas

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Post by Lisa Thomas » Tue Jan 26, 2016 9:30 am
Hopefully creditors will accept the variation or give you an extension so you can make up some of the money and get your IVA back on track.

Termination would be not be the best way to go so cooperate and see if you can avoid it.
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
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