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by WPD08
Wed Feb 06, 2008 6:03 pm
Forum: IVA expenditure allowances
Topic: Income & Expenditure
Replies: 7
Views: 7370

I have just been reading the terms of my IVA and it states that "If the Supervisor calls for an increase in payments as a result of the information provide [I&E Report] I undertake to accept the supervisors reasonable decision and pay any reasonable increase in payment which may be determined." I ta...
by WPD08
Tue Feb 05, 2008 10:14 pm
Forum: IVA expenditure allowances
Topic: Income & Expenditure
Replies: 7
Views: 7370

Hi, Our annual review on our IVA is due this month and I am having to complete our Income & Expenditure however we currently pay #390.00 per month (28p in the pound to the creditors on #35,550 debt) and since our last review our combined salaries have increased by an extra #834.92 which now gives us...
by WPD08
Tue Feb 05, 2008 7:53 pm
Forum: equity release
Topic: equity release in year 4
Replies: 29
Views: 12902

Many thanks. I contacted my IP and they confirmed that we do not have the equity release clause in our IVA so therefore we think it would be more beneficial for us finanically to stay in the IVA for now or at least until November of this year when our fixed rate on our mortgage expires.
by WPD08
Mon Feb 04, 2008 8:04 pm
Forum: equity release
Topic: equity release in year 4
Replies: 29
Views: 12902

Hi there, I have been in my IVA (JOINT) for 2 years now and have been approached by an Independent company with an option to make a full and final settlement to end our IVA early but we are not sure whether it would be worth doing financially. The thing that is really concerning me is this 4 year e...
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