queries re ' one off'' payment IVA

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Post by jd230 » Thu Aug 05, 2010 12:26 pm

am looking at this and a relative will lend me some money so I can do this. I understand that I need a letter from this person to say she will lend me the money? Is there anythign else that needs to be in it?

Also my relative has asked how to go about ( assuming proposal accepted) this is to be paid. Sh has talked about putting it into my account but I would have thought that wasn't the correct thing to do or be a good idea. Would she make a cheque payment? who to and when?

She is keen to start the ball rolling as it will need notice on her account and obviously doesn't eant to keep it under the mattress! Thanks


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Post by MelanieGiles » Fri Aug 06, 2010 2:24 am
Is this to clear an existing IVA, or are you thinking of offering a new IVA on the basis of a lump sum settlement?
Regards, Melanie Giles, Insolvency Practitioner
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