can an IVA be altered after inception.?

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Craig.3

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Post by Craig.3 » Tue May 25, 2010 10:54 pm
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can an IVA be altered after inception.?
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Daveyboi

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Post by Daveyboi » Tue May 25, 2010 11:01 pm
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Hi Craig

If you mean can it be varied after commencement then yes a variation can be put forward to the creditors if there is a change of your circumstances and they vote on the new proposal put forward. Same rules apply 75% at least of the creditors must approve the changes
DaveyBoi - Just Keep Smiling :)

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Adam Davies

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Post by Adam Davies » Tue May 25, 2010 11:05 pm
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Hi
Your payments will change as your disposable income changes,usually after the annual review
Regards
Andam Davies
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