Hi Lesley I am glad you are happy with your IVA. Don't get me wrong there are many pros with an IVA. I suppose I am just annoyed at myself for ending up in such a financial predicament in the first place.

Hi Andy thanks for your post. I'm hoping Grant Thornton will be accommodating after all its in both our interests that the IVA doesn't fail. I haven't seen anything in the contract about equity release but thought that was standard in any IVA.

Hi Raqia I totally agree with you. Entering into an IVA was the worst thing I ever did.

Hi Melanie we had an initial meeting with some sort of sales woman who sold us on the IVA then I think we had two telephone conversations with them with regards to our expenditure.

Hi Tina we don't have Northern Rock as a creditor and I thought £350.00 per month was average. According to our budget sheet we are paying back 57 pence in the pound as well as Grant Thornton's fees. We recently had our property valued and the estate agent said it would attract offers of around £125...

Hi Paul to answer your question, there is around £20,000 equity in the property and the debts are around £30,00 for which we pay £350.00 per month.

Hi there I thought I posed this question before but obviously have not. We have been in a joint IVA since September 2009. We were advised by CAB to go with Grant Thornton who were cited as being a reputable company. When we received the proposal we signed it and did not pay too much attention to it....