Accelerated PIA

Discussion in 'Personal Insolvency, bankruptcy, etc' started by Futurelookin, Dec 19, 2016.

  1. Futurelookin

    Futurelookin Registered User

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    Last edited: Dec 19, 2016
    A
     
    Last edited: Dec 19, 2016
  2. Jim Stafford

    Jim Stafford Frequent Poster

    Posts:
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    You should not be shy in asking your PIP to clarify. He is being paid to explain such matters to you.

    I would be very surprised if the creditors did not insist on a definitive date being inserted into the PIA. If such a date was inserted, then it is a "hard and fast" rule.

    If you are going to be in breach of the PIA then you should notify your PIP immediately so that he may consider convening a creditors meeting to vary the proposal.

    Jim Stafford