This is a very old policy from the 1970's and cannot be deferred , the only option is to not take the cash sum ,but I was hoping to use this to pay the mortgage off then be debt free for the rest of my days !!!! It will pay out a lot more than any policy on the market and pays out when I'm 60 all th...

Thanks for replies seems to be a problem that is becoming common!!! I have no problem with paying what is due but it seems to me the rules keep changing & never in the debtors favour! I never wanted to take out a PPI claim in the first place but was not given a choice. I will have to push my provide...

My IVA finished last year (after 6 years) but right at the end a PPI claim was raised so the IVA cannot be closed down until this has been sorted out . I have now been informed by the claims company this could take up to 2 years!!. My concern is in 12 months I retire and had intended to take 25% of ...

I will not name the creditor at this time as I have just put forward new proposals which I hope will be excepted, as most say they will get less under a forced sale I'm sure everyone will agree in the end !

I'll have to see what I can do I will go back to my IP As I have said I only want what is fair I have no problem with paying as much as I can!

Thank you very much for your advice ! That's petty much what I'd worked out I will be paying 3k in the 6th year and have said I will some how get another 1k even if I have to go into a 7th year!!! Because I was in a IVA when it came up to re-mortgage I had to stay with my current leader ( who I must...

The property has been valued by 3 estate agents with a guide price of 110k-120k with a quick sell price of 100k the outstanding mortgage is 84k I am paying the IVA for the additional 12 mths and have been told at the end I will have to inject the remaining amount (at the higher value) or I will be b...

Just heard that I have to find the 9k or the largest creditor will force bankruptcy, so I have paid for 5 years for nothing.
Something to do with the wording of the 2006 IVA , apparently would not be allowed on IVA'S taken out now.

At the valuation it is about 24k so my 75% is 9k
But if it was sold it would only bring it about 12k so my share would be less than 5k

Thanks as you say I think the creditor is trying it on The house is jointly owned so don't see how they can force a sale ! I have no problem paying my fair share .

Thank you for the quick reply! All the company will say is that in the original IVA I would inject 75% of the equity that could realisticly be raised But in the modifications the word realistic was left off to say I would inject 75%( so I have to inject that amount about £8000 no matter what!!) the ...

I have just completed the 5th year of a IVA and in the original arrangement I would input 75% of the equity this is very little and I cannot re-mortgage or raise and more money. At the outset only 3 of the 4 creditors voted ( the largest creditor did not reply to any correspondence)I am going to pay...