Hi. I have an IVA suspended at present

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steve.om

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Post by steve.om » Tue Jul 27, 2010 9:11 pm
Hi. I have an IVA suspended aat present due to redundancy. when i resume payments, how many payments do i need to make before the arrangement is finished. I wish to gget a mortgage in the future but this IVA will restrict me in obtaining one. I am 53 years old. Thank you. Steve
 
 

Sinking Fast

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Post by Sinking Fast » Tue Jul 27, 2010 9:23 pm
Hi Steve and welcome to the forum.

I would have a look through your IVA proposal, and in their you should find a section covering how your IVA should be handled during the redundancy.
Ours states a payment break of 6 months can be sanctioned by our IP. The number of months you miss paying into your IVA pot will inevitably be added onto the end of your IVA.

steve.om wrote:

Hi. I have an IVA suspended aat present due to redundancy. when i resume payments, how many payments do i need to make before the arrangement is finished. I wish to gget a mortgage in the future but this IVA will restrict me in obtaining one. I am 53 years old. Thank you. Steve
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