6 months in

5 posts Page 1 of 1
Post Reply
 
 

andrewgoodman121

User avatar
Posts: 470
Joined: Fri Dec 21, 2007 2:08 pm
Location: United Kingdom
Post by andrewgoodman121 » Fri Jun 13, 2008 7:43 pm
Quote
Hi,
I am soon going to be entering my 6 month in my IVA and everything seems to be going fine.
I get no more letters or correspondence from my creditors and the one thats not updated it's records i forward onto my IP.

I would like to know How are the IVA payments distributed.
is it the first years goes to paying the IP for supervising the IVA and thereafter the months that follow you pay in and on the 60th month the remainder is distributed to your creditors on your chairmans report and the remainder written off.
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Fri Jun 13, 2008 11:11 pm
Quote
Hi Andrew,

I don't know the answer - sorry! I'll put this back up to the top though. Hopefully one of the experts will be along and answer it for you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
Top
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Sat Jun 14, 2008 1:34 pm
Quote
bump!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
 
 

indebtforever

User avatar
Posts: 505
Joined: Sun May 18, 2008 12:11 pm
Location: United Kingdom
Post by indebtforever » Sat Jun 14, 2008 4:00 pm
Quote
ip will take fees and creditors will get payments also as the iva goes along.when you have a review it will show you what has been paid and were it has gone[}:)]
Last edited by indebtforever on Sat Jun 14, 2008 4:01 pm, edited 1 time in total.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Sun Jun 15, 2008 11:27 am
Quote
It will depend upon the wording of the proposal, and any modifications which were put forward by creditors. Creditors these days are expecting to receive their money on a quarterly and even a monthly basis.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
5 posts Page 1 of 1
Return to “pets corner”