Charges after IVA approved

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mikepapa

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Post by mikepapa » Mon Nov 09, 2009 2:53 pm
Hi,, Our IVA was approved on 1st October this year,, we have had some bank statements credit car statements etc & there is interest charged after our IVA approval date, can creditors charge interest after the date your IVA is approved? I was under the impression that the debt remains the same while in the IVA & paying agreed payments.

Thanks
Kind Regards, MP

IVA accepted 1st October 2009
 
 

mikepapa

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Post by mikepapa » Mon Nov 09, 2009 3:47 pm
Thankyou for the prompt response LadyH.
Kind Regards, MP

IVA accepted 1st October 2009
 
 

kallis3

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Post by kallis3 » Mon Nov 09, 2009 4:03 pm
I agree - nothing to worry about at all. They can't claim this money back and your IP will know that.
Sharing from experiences of dealing with debt
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RJC

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Post by RJC » Mon Nov 09, 2009 4:08 pm
Just make sure you forward all paperwork received on to your IP so they are aware of what is happening, and then they can speak with the creditors concerned. Nothing for you to worry about!

It helps when IPs get the specific paperwork, because then we can see which departments it is within the Company that have not received word of the IVA, and go to them directly.
Kind regards,

RJC Financial Management
Accountants and Insolvency Practitioners with over 18 years experience.
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