Can I pay missed payments now 6 months before my IVA ends ?

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lynda
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by lynda » Tue Nov 14, 2017 8:20 pm
Lynda is paying the missed payments on her six year old IVA, that ends in May.
Can she pay it off now? (6 months beforehand)
Does she still need a valuation property report for it too?
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Foggy
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by Foggy » Tue Nov 14, 2017 8:49 pm
Assuming the IVA has run the agreed term and Lynda is now just paying the arrears there should be no problem paying it in a lump sum, also assuming the lump sum is not from monies which would be due to the IVA anyway.
If the equity position hasn't been established this will need to be done.
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