Just entererd into year six of a planned 6 year iva with payplan (nram insisted as one dept was together morgage) is this the norm? Will the iva end after this year? Surley they cant ask me to remorgage, then once refused make us do another year? I dont think i could handle that. I assume nram wanted the 6 years as they knew we wouldnt be able to remorgage.
The IVA should finish this year as far as I am concerned but you do need to check with Payplan.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi. I am afraid that an IVA stretched to 6 years by NRAM can be extended by a further 12 months in lieu of equity, if you have sufficient equity to trigger the clauses -- generally more than £5k.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
