IVA length

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janderson

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Post by janderson » Fri Jun 13, 2008 2:37 pm
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Hi People

A question for Melanie, I saw a post recently where you said you were supervising an IVA for 17 year duration. The query I have is is this doable for others and could it be made to work if you were offering a low payback.


Cheers


John
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TheMatrix

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Post by TheMatrix » Fri Jun 13, 2008 7:56 pm
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My God a 17 year IVA, cannot be right surely?
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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angela18

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Post by angela18 » Fri Jun 13, 2008 8:12 pm
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its true was on a thread yesterday about extending IVA and lowering payments
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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cfnc

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Post by cfnc » Fri Jun 13, 2008 8:24 pm
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This is the post re 17 year IVA, Melanie took over the case from another IP, so do not know in theory joe easy it is to get an extended IVA.
http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=12718

Kirsty
Kirsty
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TheMatrix

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Post by TheMatrix » Fri Jun 13, 2008 9:51 pm
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Well I've seen it all now, that's an awful long time to be stuck in a IVA though.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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Adam Davies

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Post by Adam Davies » Fri Jun 13, 2008 10:38 pm
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Hi
Huge fees
Not to be recommended
Regards
Andam Davies
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janderson

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Post by janderson » Sat Jun 14, 2008 10:29 am
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Hi All

Our application was turned down primarily I believe due to a low offer, if we went back and offered to have an extended IVA with the same offer would it be likely to be accepted. We do not want to go bankrupt if it can be avoided.


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John
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indebtforever

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Post by indebtforever » Sat Jun 14, 2008 3:51 pm
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17 years is a lifetime 5 years is long enough[:(]
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MelanieGiles

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Post by MelanieGiles » Sat Jun 14, 2008 4:02 pm
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17 years is unusually high and would not be suitable for a consumer type arrangement.
Regards, Melanie Giles, Insolvency Practitioner
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