My father has offered me the money to clear my iva if necessary but I just want to know what is considered the normal process in this situation
I am very concerned about my current situation and need some advice please.
Your IP can probably authorise a payment break of up to 3 months without creditor confirmation, any longer would have to be put to them for agreement at a creditors meeting. I have previously arranged payment breaks for up to 12 months for some of my clients, so you may feel this is a better option than taking Dad's money.
Alternatively the loan could be offered to creditors, and you could use your surplus income - when you do find a new job - to repay him back.
Hope you find something soon.
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