Accelerated PIA

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

  1. Futurelookin

    Futurelookin Registered User

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

    Jim Stafford Frequent Poster

    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