My IVA is being extended in lieu of equity release. When will review take place ?

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Mare

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Post by Mare » Sat Aug 10, 2013 5:33 pm
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My iva is being extended in lieu of equity release will there be an annual review of my income and expenditure before the 6th year and when will it be?
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Foggy

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Post by Foggy » Sat Aug 10, 2013 6:15 pm
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Hi, It will be, as the others, at the anniversary date.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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MelanieGiles

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Post by MelanieGiles » Sun Aug 11, 2013 12:56 am
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The final review ought to be much quicker for you than earlier reviews, as at this stage all the IP will want to be clear about is whether you have received any windfalls during the year. In my firm we do not perform wage reviews during an extended period of payments in lieu of equity release, but other firms may have different views.
Regards, Melanie Giles, Insolvency Practitioner
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