stephen715 wrote:How is the position of a state pensioner viewed by creditors , where a variation is being sought, and affordability is negative ?
It depends on the full picture and I&E details. A state pension is income and could be used to fund a modest IVA payment if there is enough disposable income at the end of the day. If you are compulsorily retired during an IVA this prospect should have been anticipated at the start and written in. If you have just chosen to retire then the creditors could look on that unfavourably. If retirement is beyond your control it might be possible for you to make a F&F offer (variation) based on payments made to date. Too many variables to be able to give to a specific answer.
Who is onlineUsers browsing this forum: No registered users and 21 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, IVA.com Group Limited 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