In any event, it is your offer to make, not the IPs !
At the end of the day it is up to the creditors to decide and your IP has to call the variation meeting so you can always propose it and if it is rejected carry on as you are, perhaps get a few more payments made then offer again in due course.
Don't draw anything down unless and until any variation is approved.
steve509 wrote:In reply in reference to using my wife's pension drawdown to offer a full and final we are in a joint iva 3yrs March 2018 with 2yrs and 3mths plus 12 months for equity release so say 39payments 202=7878offer just over 7300 and my iva very reluctant to put offer to creditors and even said to drawdown and put into pot for creditors and even said let it run for at least 3yrs I am not happy and feeling to let the iva fail sorry it's long winded thanks steve
Your IP is being unusually obstructive -- and stupid, if I may say so, as they, too, will be saving on time and costs. You need to speak directly with the IP as whoever you are talking to does not seem to have grasped the situation. On no account draw down anyway!
Who is onlineUsers browsing this forum: Lisa Thomas and 28 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location