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What obligations would I have if I entered into an IVA? This is thing that I would be most concerned about. How long will I be tied in to it?

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JaxC (Official Rep) December 18, 2009 10:10
- The main obligation you will have is to maintain the agreed monthly payments over the period of your IVA, which is on average, 5 years. However these are carefully calculated to be affordable and can be varied if your circumstances change.
- You are required to keep your Supervisor (IP) informed of any changes in your circumstances e.g. an increase in your income.

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JaxC (Official Rep) December 18, 2009 10:10
- The main obligation you will have is to maintain the agreed monthly payments over the period of your IVA, which is on average, 5 years. However these are carefully calculated to be affordable and can be varied if your circumstances change.
- You are required to keep your Supervisor (IP) informed of any changes in your circumstances e.g. an increase in your income.
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<ul> <li>The main obligation you will have is to maintain the agreed monthly payments over the period of your IVA, which is on average, 5 years. However these are carefully calculated to be affordable and can be varied if your circumstances change.</li> </ul> <ul> <li>You are required to keep your Supervisor (IP) informed of any changes in your circumstances e.g. an increase in your income.  </li> </ul>

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