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 Hi,with regards my last question about a lump sum
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William.05
Starting Member



1 Posts

Posted - 25 December 2013 :  20:40:24  Show Profile  Visit William.05's Homepage  Reply with Quote
Hi,with regards my last question about a lump sum payment this would be coming from my pension lump sum which my IP told me could not be touched as a windfall,in the IVA it states my creditors would be getting 31 pence in the pound which is the figure I had in mind to offer.

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 25 December 2013 :  21:06:24  Show Profile  Reply with Quote
Hi and welcome to the forum.

Are you still in an IVA? With BR you cannot offer a lump sum.

Please speak to your IP.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 26 December 2013 :  09:43:34  Show Profile  Reply with Quote
Hi William,

As Niobe has posted, you really need the advise of your IP. If you can not afford your IVA and your circumstances have changed, then the creditors may accept a lump sum settlement.



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
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