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glafy
forum expert

436 Posts

Posted - 10 February 2011 :  10:52:04  Show Profile  Reply with Quote
I have just been scrolling back reading through various posts & one thing is still puzzling me.

If an IPA is given, does it last a TOTAL of 36 months from the date of issue. Or if a variation happens such as unemployment 12 months in, is it suspended possibly due to decreased income & then restarted when income increases?

Does that make sense?

Forgive me if I am being slightly dense!!



"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!!

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 10 February 2011 :  11:42:52  Show Profile  Reply with Quote
Yes, it's 36 months from the date of your first payment, so if your 36th month is April 2014, then regardless of if it stops and starts, that will be your last payment.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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glafy
forum expert

436 Posts

Posted - 10 February 2011 :  12:40:56  Show Profile  Reply with Quote
Thanks for that Vikki.

I understand now.
Cheers



"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!!
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