Could I go and live abroad

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andy.5

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Post by andy.5 » Thu Jan 17, 2008 1:37 pm
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I have just startd an IVA. Could I go and live abroad during its term
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pbeck

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Post by pbeck » Thu Jan 17, 2008 1:43 pm
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Yes, you can, so long as you stick to the terms that were agreed. You will have to continue to make your payments to the supervisor in pounds sterling, and report any changes in your earnings and expenditure arising from moving overseas.

If you are a homeowner and sell the home to move overseas, it is likely that the IVA will require your share of the proceeds of sale to be paid into the arrangement.

Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist
Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist since 1996.
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iva experts

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Post by iva experts » Thu Jan 17, 2008 5:15 pm
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Hi Andy,

Its not the most desirable way to pay off your IVA, as like Phil said you would still need to convert the payment in GBP. Out of interest what country were you thinking of living in? and what is your disposable income amount?

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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