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Posted: Mon Oct 01, 2007 11:05 am
by peel7
I currently have approx £35000 in an E.P.P pension, could this be used towards an I.V.A, my current level of debt is approx £50000,unsecured,spread over 2 loans and 3 credit cards.Thank you,
Posted: Mon Oct 01, 2007 8:25 pm
by Adam Davies
Hi
Only if you are over 55,or will be during the IVA, and can release a lump sum,otherwise it can,t be used.
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Tue Oct 02, 2007 9:10 am
by Oliver
Only if you have th ability to release these funds.
Best Regards
Oliver
Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at:
www.thomascharles.com/about_us.asp
Posted: Tue Oct 02, 2007 9:30 am
by iva experts
Hi peel7 and Welcome,
In an IVA or Bankruptcy your pension amount is protected and you cannot be made to release funds, however creditors can ask that you stop paying monthly contributions.
I would check the terms and conditions of your pension fund to see when you are able to release funds.
Best Regards,
IVA Experts
http://www.iva-experts.co.uk/