Can my creditors change their minds after last IVA payment made ?

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D.22

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Post by D.22 » Wed Feb 24, 2016 8:44 am
can my creditors change thier mind after iv paid my last iva payment,as they wrote to my case officer saying they thought id be paying more than my original payment iv only got til end of march then finished,my case officer said to them my wages havnt gone up so couldnt pay anymore
 
 

lifenoteasy

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Post by lifenoteasy » Wed Feb 24, 2016 8:56 am
Unless there was an agreed minimum dividend there is little that they can do.

You have stuck to your part.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Feb 24, 2016 11:34 am
No your Supervisor normally has discretion to reduce your contributions up to 15% without asking the creditors to approve a formal variation.

Well done on finishing your payments!
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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