Hi this maybe a bit long winded but ill try be quick..

[Traceym]

Hi

this maybe a bit long winded but ill try be quick.......
I am due to complete my IVA in April 2012 yippee!!!!!! however personal cicumstances have changed being that i have now become a single parent as my ex has left home and moved out of the same town as me. i have had to decrease my hours at work and i am only working 18 hours a week, i have sorted and my income and expediture and sent off to VN and have not heard anything they need proof of how much i will be earning but i cannot provide till the end of the month untill i get paid.

what will happen if i do not have enough excess money to pay i currently pay £300 per month and with my reduced hours this is going to virtually impossible to maintain.

coming so far and now for things to go wrong i am worried.

Thanks

[kazzafunk]

Hi Tracey - do you own your own home and have an equity clause for year 6? If not, I would have thought your IP could put a case forward for payments made to date finish the IVA. It would prob take 6 - 8 weeks to sort this so by then you've almost finished.

I would definitely ask - you have good circumstances

[Adam Davies]

Hi
I agree with kazzafunk, speak to VN and suggest they propose a variation to your creditors and ask them to agree payments made to date as full and final settlement
Regards

[kazzafunk]

I must be learning something then Andy!!!

[oscar]

Traceym
you have come a long way to get this far and I am hopeful that your IP will be able to help you to resolve this. Best wishes
Oscar

[MRBLUESKY]

Hi Tracey sorry about the circumstances your x has left you in,onward and upward for you now on,i totally agree with Andy ask your IP to call a variation meeting to conclude your IVA now ,because of your exceptional circumstances,with only 6 months left on your IVA your creditors should see sense and conclude it. Good Luck.

[kallis3]

Fingers crossed that you can get this sorted with a full and final.

Let us know how you get on.

[Traceym]

thank you all for your comments i am hoping that this will be the case and they will be able to accept f&f that is amazing news to think that i may not have to pay any more.

thnaks again and will def keep you all posted.

[luluj]

Be positive - you have travelled such a long way already no one will now want to see this fail ! Work with your IP to find a solution to all - hopefully they will accept payments to date and you will be debt free!

[kallis3]

I do hope you get the right result Tracey!!

[kazzafunk]

If I was a betting woman I would place one on it being accepted. You have shown you can budget for the last 4 1/2 years. Due to something unexpected you would find it hard to continue. There's little point in my view of creditors refusing.

Let us know how things go.
x

[dawng1]

Good luck Tracey and well done! You are a star to get so far and i hope it works out for you. x

[animaleyes76]

Good luck, make sure you post your result on here

[Traceym]

well just a quick update. . . . my IP is currently dealing with my creditors but my IP has said they want to go after any PPI that i could be intitled to now so that could take some time now i believe... have to wait n see but will update once i know more

thanks for the good luck. fingers are crossed tightly.

[luluj]

It appears more and more IP's are chasing for PPI payments to pay into creditor pots - I have no issue with maxmising returns to creditors via PPI payments, where mis-selling has definitely taken place, but I find it very wrong asking people to agree for PPI submissions when actually we understood what we were signing up to at the time !

Traceym - are you able to manage your IVA payments whilst they go through the PPI process ? Has your IP given you support and enabled you to reduce your payments to affordable ones ?